�� Practice_Calcs_CGMf_and_CGS

�� Practice_Calcs_CGMf_and_CGS - Division Maple...

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Practice with calculating Cost of Goods Manufactured and Cost of Created by: Annie Paschall Date Created: 10/3/2007 Learning objective: to understand relationships of components used in calcu Directions: Complete the exercise by filling in the blanks. It will be easier to do if you think about the logical order of calcula Give it a good try before looking at the answers. (The tab labeled "In order" lays out the components in a more log
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f Goods Sold ulating cost of goods manufactured and sold ating the components. gical manner, but don't look until you're tried it yourself.)
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Direct materials used 3 7 8 total manufacturing costs 6 14 overhead applied 1 3 2 direct labor 6 4 4 ending WIP inventory 3 2 5 Cost of goods manufactured 7 20 12 Beg WIP inventory 2 3 End finished goods inventory 2 6 9 beg finished goods inventory 3 5 7 Cost of goods sold 18 13 9 Oak Division Fir
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Unformatted text preview: Division Maple Division Spruce Division direct materials used 3 7 8 direct labor 6 4 4 overhead applied 1 3 2 total manufacturing costs 6 14 Beg WIP inventory 2 3 ending WIP inventory 3 2 5 Cost of goods manufactured 7 20 12 beg finished goods inventory 3 5 7 End finished goods inventory 2 6 9 Cost of goods sold 18 13 9 Oak Division Fir Division Maple Division Spruce Division + direct materials used 3 7 5 8 + direct labor 2 6 4 4 + overhead applied 1 3 2 2 = total manufacturing costs 6 16 11 14 + Beg WIP inventory 2 7 3 2-ending WIP inventory 1 3 2 5 = Cost of goods manufactured 7 20 12 11 + beg finished goods inventory 3 4 5 7-End finished goods inventory 2 6 4 9 = Cost of goods sold 8 18 13 9 Oak Division Fir Division Maple Division Spruce Division...
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�� Practice_Calcs_CGMf_and_CGS - Division Maple...

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