Unformatted text preview: 206,000 Total costs to account for $ 776,000 Ending work in process inventory (75,000) Cost of goods manufactured $ 701,000 * Product advertising and promotion, freight-out, and product research and development are period costs and thus would be expenses of the month. Advanced Widget Company Schedule of Cost of Goods Sold For the Month Ended August 31, 2008 Beginning finished goods inventory $ 62,000 Cost of goods manufactured 701,000 Cost of goods available for sale $ 763,000 Ending finished goods inventory (122,000) Cost of goods sold $ 641,000...
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- Fall '08
- Cost Accounting, Supply chain management terms, inventory Direct materials, Advanced Widget Company