Solution-Compute cost of goods manufactured and cost of

Compute cost of goods manufactured and cost of goods

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Reference no: EM13533107

Flow of costs through a manufacturer's inventory accounts

Consider the following data for a manufacturer:

	Beginning of Year	End of Year
Direct materials inventory	$ 29,000	$ 32,000
Work in process inventory	44,000	37,000
Finished goods inventory	19,000	24,000
Purchases of direct materials		77,000
Direct labor		87,000
Manufacturing overhead		45,000

Requirement

1. Compute cost of goods manufactured and cost of goods sold.

Reference no: EM13533107

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Compute cost of goods manufactured and cost of goods

Reference no: EM13533107

Reference no: EM13533107

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