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How much is the total cost of goods placed in process

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Reference no: EM132582988

The following information is taken from the records of Venus Manufacturing Company for the first calendar quarter of 2019:

                                                         Jan. 1                             March 31
Inventory, Raw materials              32,300                         34,100
Inventory, Goods in Process           38,500                        35,050
Inventory, Finished Goods                44,600                       48,800
Direct Labor                                                                 254,000
Factory overhead cost                                                    236,900
Cost of goods sold                                                         676,300

REQUIRED:

Question 1. How much is the total "cost of goods manufactured" during the first quarter of 2019?

Question 2. How much is the total "cost of goods placed in process" during the first quarter of 2019?

Question 3. How much is the total "cost of raw materials used" during the first quarter of 2019?

Reference no: EM132582988

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