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Unformatted text preview: Rent $425,000 Indirect Materials $70,000 Indirect Labor $80,000 Total Factory Overhead $610,000 Total Manufacturing Costs $1,540,000 Work-in-Process Inventory, 1/1/2004 $60,000 Total Manufacturing Costs to Account for $1,600,000 Work-in-Process Inventory, 12/31/2004 $25,000 Cost of Goods Manufactured $1,575,000 2. Calculate cost of goods sold. Beginning finished goods inventory $115,000 Cost of goods manufactured $1,575,000 Less: Ending finished goods inventory $95,000 Cost of goods sold $1,595,000 Required 1. Prepare a statement of cost of goods manufactured. 2. Calculate cost of goods sold....
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This note was uploaded on 10/16/2011 for the course MGT 134 taught by Professor Housekeeper during the Fall '11 term at UCSD.
- Fall '11