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Determine the cost of goods sold for august

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Reference no: EM131553399

Question: Wasik Company had the following inventory balances at the begin-ning and end of August 2010: August 1 August 31Raw Material Inventory $ 58,000 $ 84,000Work in Process Inventory 372,000 436,000Finished Goods Inventory 224,000 196,000All raw material is direct to the production process. Th e following information is alsoavailable about August manufacturing costs:Cost of raw material used $612,000Direct labor cost 748,000Manufacturing overhead 564,000

a. Calculate the cost of goods manufactured for August.

b. Determine the cost of goods sold for August.

Reference no: EM131553399

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