Calculate the cost of goods manufactured for the month

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Reference no: EM132983050

Question - Parmitan Corporation has provided the following data concerning last month's manufacturing operations.

Purchases of direct materials $66,000

Direct labor $95,000

Manufacturing overhead $42,000

Beginning Ending

Inventories:

Direct materials $30,000 $16,000

Work in process $50,000 $25,000

Finished goods $120,000 $90,000

Required -

1. Calculate the cost of goods manufactured for the month.

2. Calculate the cost of goods sold for the month.

Reference no: EM132983050

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