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Compute the cost of goods manufactured

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Reference no: EM133061040

Question - On December 2020, Coffee Company incurred the following costs:

Direct materials 450,000

Factory overhead 562,500

Direct labor 236,250

Pertinent inventory information is as follows:

 

Beginning

Ending

Raw materials inventory

562,500

281,250

Work in process inventory

810,000

787,500

Finished goods inventory

787,500

450,000

Required -

1. Compute the total manufacturing cost.

2. Compute the cost of goods manufactured.

3. Compute the cost of goods sold.

Reference no: EM133061040

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