Reference no: EM132800781
Question - Randall, the accountant is trying to prepare the schedule of cost of goods manufactured and the schedule of cost of goods sold for March. Unfortunately some information is missing from the accounting system. The following information is available:
Direct labor cost $60,000
Manufacturing overhead costs 350,000
Beginning work in process inventory 90,000
Beginning finished goods inventory 47,000
Ending finished goods inventory 39,000
Total manufacturing costs 818,000
Cost of goods manufactured 840,000
Required -
A. Compute the direct materials cost.
B. Compute the ending work in process balance.
C. Compute the cost of goods sold.