Solution-Determine the cost of goods sold for swan co

Determine the cost of goods sold for swan co

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Reference no: EM132634284

Question 1: Swan Co. has the following information for January: Cost of direct materials Used in production: $25,000; Direct manufacturing labor: $35,000; Total Indirect manufacturing costs (Factory overhead): $20,000; Work in process inventory January 1: $30,000; Work in process inventory January 31: $25,000; Finished goods inventory January 1: $15,000; Finished goods inventory January 31: $12,000. For the month of January, determine the Cost of Goods Sold.

Option 1: $85,000

Option 2: $110,000

Option 3: $88,000

Option 4: $100,000

Reference no: EM132634284

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Determine the cost of goods sold for swan co

Reference no: EM132634284

Reference no: EM132634284

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