Solution-What was the cost of goods sold for the year

What was the cost of goods sold for the year

Reference no: EM132730356

Question - The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year. Sales $800 Raw materials inventory, beginning $60 Raw materials inventory, ending $70 Purchases of raw materials $180 Direct labour $100 Manufacturing overhead $190 Administrative expenses $110 Selling expenses $150 Work-in-process inventory, beginning $70 Work-in-process inventory, ending $80 Finished goods inventory, beginning $120 Finished goods inventory, ending $160.

Required -

A. Based on the information provided above develop a cost of goods manufactured schedule.

B. What was the cost of goods sold (in thousands of dollars) for the year?

Reference no: EM132730356

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What was the cost of goods sold for the year

Reference no: EM132730356

Reference no: EM132730356

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