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Hi, I was wondering if you could help with a questions about the cost of goods manufactured

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COGM Inc.
COGM Inc experienced a warehouse fire on December 31", 2008. Most of the company's
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accounting records were destroyed; however the following partial information was salvaged:
Beginning Inventories, January 15: 2008
Direct Materials $64,000
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Work-in-Process $68,000
Finished Goods $30,000
. . .
Gross Profit %:20%
Prime Costs: 70% of manufacturing costs
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Factory Overhead: 40% of Conversion Costs
Ending Work-in-Process is 10% of the monthly manufacturing costs.
Actual operations data for the month of December 2008:
Sales: $1,800,000
Direct Material Purchases: $640,000
Direct Labour Costs: $720,000
Required:
Using the above information, prepare a Statement of Cost of Goods Manufactured in proper form
Analysis:
Statement of Cost of Goods Manufactured,
COGM Inc.
Beginning Work-in-Process
$68,000
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ENG 11:23 PM
US 2019-08-06

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