Solution-Find what is the cost of goods manufactured

Find what is the cost of goods manufactured

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Reference no: EM132549378

Using the information provided below calculate the following numbers:

Question 1. What is the Total Manufacturing Cost?

Question 2. What is the Cost of Goods Manufactured?

Question 3. What is the Cost of Goods Sold?

Question 4. What is the Net Operating Income?

Inventories:

Beginning Ending

Raw materials $30,000 $40,000

Work in process $11,000 $5,000

Finished goods $31,000 $35,000

Additional information:

Sales $300,000

Raw materials purchases $70,000

Direct labor cost $38,000

Manufacturing overhead $85,000

Selling expense $19,000

Administrative expense $37,000

Reference no: EM132549378

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Find what is the cost of goods manufactured

Reference no: EM132549378

Reference no: EM132549378

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