2. The total manufacturing cost is 150000, the direct labor is 50000, and the direct materials consumed is 60000. There is no beginning and ending work in process. The cost of goods manufactured is? Cost of goods manufactured =
1. The following information was taken from the books of BN Co. there was no work in process at the beginning or end of the year. The cost of goods sold for the year is? And the cost of goods manufactured for the year is?
Cost of goods sold =
Cost of goods manufactured =
|
Increase in raw materials inventory |
30000 |
|
Increase in finished goods inventory |
70000 |
|
Raw materials purchased |
860000 |
|
Direct labor payroll |
400000 |
|
Factory |
600000 |
2. The total
Cost of goods manufactured =
3. ME Manufacturing had no beginning inventories. During the period, its completed production was 50000 units of which 10% was unsold. There were no ending inventories of materials or work in process. Materials purchased and used were 215000, direct labor and manufacturing overhead were 160000. The ending inventory and cost of goods manufactured is?
Ending inventory =
Cost of goods manufactured =
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