Prepare the cost of goods sold statement in good form

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Question - Robina Manufacturing Company has develop the following information for the year ended December 31, 2020.

Raw Materials Inventory, January 1 175,000

Purchases 250,000

Raw Materials Inventory, December 31 125,000

Direct Labor 270,000

Factory Overhead (120% of direct labor cost)

Work in process Inventory, January 1 90,000

Work in process Inventory, December 31 120,000

Finished Goods Inventory, January 1 100,000

Finished Goods Inventory, December 31 80,000

Required - Prepare the Cost of Goods sold statement in good form.

Reference no: EM133154085

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