Reference no: EM132318526
Question
Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information for company follows:
Beginning raw materials inventory $9,000
Ending raw materials inventory 12,000
Raw material purchases 86,000
Beginning work in process inventory 21,000
Ending work in process inventory 31,000
Direct labor 111,000
Total factory overhead 86,000
Beginning finished goods inventory 61,000
Ending finished goods inventory 41,000
The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is?
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