Solution-Compute a statement of cost of goods manufactured

Compute a statement of cost of goods manufactured

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Reference no: EM132662100

Statement of Cost of Goods Manufactured from Percent Relationships Information about Blue Line Products Company for the year ending Dec 31, 2017 follows:

sales equal $475,000
direct materials used total $68,000
Manufacturing overhead is 150 percent of direct labor dollars
The beginning inventory of finished goods is 20 percent of the cost of goods sold
The ending inventory of finished goods is twice the beginning inventory
The gross profit is 20 percent of sales
There is no beginning or ending work-in-process

Problem A). Determine a statement of Cost of Goods manufactured for 2017. (Hint: determine an analysis of changes in Finished Goods Inventory.)

Reference no: EM132662100

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Compute a statement of cost of goods manufactured

Reference no: EM132662100

Reference no: EM132662100

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