Solution-Prepare statement of cost of goods sold and a

Prepare statement of cost of goods sold and a statement

Assignment Help Managerial Accounting

Reference no: EM132500570

The following information is available for Booker Company for 2019 (all numbers in dollars):

Beginning Finished Goods 1,375,200

Beginning Materials 856,000

Beginning WIP 725,000

Direct Labor 836,700

Ending Finished Goods 1,145,670

Ending Materials 871,350

Ending WIP 697,300

Manufacturing Overhead 2,579,220

Purchases (materials) ?

Sales 10,025,000

Note: gross profit is 40% of sales

Required:

Question 1: Prepare statement of cost of goods sold and a statement of cost of goods manufactured for 2019

Reference no: EM132500570

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Prepare statement of cost of goods sold and a statement

Reference no: EM132500570

Reference no: EM132500570

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