Prepare statement of cost of goods manufactured for february

Reference no: EM13950174

Sterling Company manufactures laundry detergent. At the beginning of February, the following information was supplied by its accountant:

Raw materials inventory $73,000 Work-in-process inventory 80,400 Finished goods inventory 62,000

During February, direct labor cost was $210,400, raw materials' purchases were $301,800, and the total overhead cost was $478,590. The inventories at the end of February were

Raw materials inventory	$ 56,000
Work-in-process inventory	103,000
Finished goods inventory	95,240

Required

1. Prepare a statement of cost of goods manufactured for February.

2. Prepare a statement of cost of goods sold for February.

Reference no: EM13950174

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