Solution-Calculate cost of goods sold cogs

Calculate cost of goods sold cogs

Assignment Help Managerial Accounting

Reference no: EM132590512

Vancouver Ltd. has the below inventory balances and other information at the end of Dec 2019.

Balances Beginning Ending

Direct Material $12,950.00 $8,000.00

Working in Process Inventory $ 850.00 $3,500.00

Finished Goods Inventory $ 200.00 $3,800.00

Other information

Purchase of Direct Material $45,000.00

Factory Supervisor Salaries $5,750.00

Sales Salaries and Commissions $7,250.00

Delivery Cost $1,400.00

Sales Revenue $115,000.00

Factory Utility Costs $1,200.00

Factory Rent $17,750.00

Direct Labor $23,000.00

Requirement

Question 1. Cost of Goods Manufactured =Direct Material Used Direct Labor Manufacturing Overhead Total Manufacturing Overhead Current Manufacturing Costs Manufacturing Costs Available to Complete Cost of Goods Manufactured

Question 2. Calculate Cost of Goods Sold COGS

Reference no: EM132590512

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Calculate cost of goods sold cogs

Reference no: EM132590512

Reference no: EM132590512

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