Using the following data, compute (1) the cost of goods manufactured and (2) the cost of goods sold for both Canyon Company and Rossings Company.
| Canyon Company | Rossings Company |
Beginning finished goods inventory | $14,000 | $18,450 |
Beginning goods in process inventory | 16,500 | 21,950 |
Beginning raw materials inventory | 9,250 | 11,000 |
Rental cost on factory equipment | 29,000 | 24,750 |
Direct labor | 21,000 | 37,000 |
Ending finished goods inventory | 19,650 | 15,300 |
Ending goods in process inventory | 24,000 | 18,000 |
Ending raw materials inventory | 7,300 | 9,200 |
Factory utilities | 11,000 | 14,000 |
Factory supplies used | 10,200 | 5,200 |
General and administrative expenses | 23,000 | 45,000 |
Indirect labor | 3,250 | 9,660 |
Repairs—Factory equipment | 6,780 | 3,500 |
Raw materials purchases | 35,000 | 54,000 |
Sales salaries | 52,000 | 48,000 |
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.