Schedule of cost of goods manufactured

Reference no: EM131812485

How to prepare a schedule of cost of goods manufactured and cost of goods sold? Beginning WIP 1,600,000 Beginning Raw Materials 775,000 Beginning Finished Goods 5,820,000 Direct Labor 3,200,000 Raw Materials Purchases 2,750,000 Ending Finished Goods 6,040,000 Sales 15,000,000

Other information:

Gross margin is 45% of sales

WIP decreased $110,000 during the period

Manufacturing overhead is 80% of direct labor

Reference no: EM131812485

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