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Unformatted text preview: $ 21,600 Cost of goods manufactured 293,800 Total cost of goods available for sale $315,400 Less finished goods inventory, ending 16,300 Cost of goods sold 299,100 Gross margin $150,900 *Cost of goods manufactured Direct materials used Materials inventory, beginning $ 23,000 Direct materials purchases 185,000 Cost of direct materials available for use $208,000 Less materials inventory, ending 18,700 Cost of direct materials used $189,300 Direct labor costs 34,000 Overhead costs 67,000 Total manufacturing costs $290,300 Add work in process inventory, beginning 64,700 Less work in process inventory, ending ( 61,200) Cost of goods manufactured $293,800 *...
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- Summer '10