Solution-Compute the Cost of Goods Sold Statement

Compute the Cost of Goods Sold Statement

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Reference no: EM132980624

Question - The following account balances were taken from the general ledger accounts of the Ellen Corporation.

January 1 December 31

Materials P 60,000 P 80,000

Work in Process 85,000 110,000

Finished Goods 120,000 90,000

Factory Overhead Control 330,000

Applied Factory Overhead (applied at a rate of 80% of direct labor cost) 320,000

Cost of Goods Sold 850,000

Required - Compute the Cost of Goods Sold Statement?

Reference no: EM132980624

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Compute the Cost of Goods Sold Statement

Reference no: EM132980624

Reference no: EM132980624

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