Reference no: EM132855046
Problem - Square Rollers provided the following list of cost data related to its manufacturing operations for the month of October 20X5.
Beginning raw materials inventory €2,416,000
Raw materials purchased €5,863,750
Ending raw materials inventory €2,045,500
Direct labor costs €805,750
Indirect materials €313,750
Indirect labor €222,250
Factory utilities and maintenance €1,140,000
Factory depreciation €141,500
Another factory related to overhead €61,000
Beginning work in process €1,942,500
Ending work in process €1,792,500
Required -
(a) Calculate the cost of goods manufactured.
(b) If Square Roller's cost of goods sold for the month was $10,000,000, how much was the increase or decrease in finished goods inventory for the month of October?
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