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Total cost of goods manufactured for the year

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Reference no: EM132067530

The following information is available for Boston Manufacturing for 2018:

     Direct Materials Used                                             $10,500

     Direct Labor                                                              16,000

     Manufacturing Overhead                                          24,000

     Work in Process Inventory, January 1, 2018              8,000

     Work in Process Inventory, December 31, 2018        9,500

     Finished Goods Inventory, January 1, 2018             18,600

     Finished Goods Inventory, December 31, 2018       17,200

     Sales                                                                          85,000

  • The total cost of goods manufactured for the year ended December 31, 2018 is:
  • The total cost of goods sold for the year ended December 31, 2018 is:
  • The total gross profit on sales for the year ended December 31, 2018 is:
  • If sales total $280,000 and the cost of goods sold is $182,000, the gross profit percentage is:

Reference no: EM132067530

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