Bostwick Chemicals started business on April 1. The following operations data are available for April for the one solvent it produces. Gallons Beginning inventory 0 Started in April 365, 000 Ending work- in - process inventory (75% complete) 47, 500 Costs incurred in April follow. Materials S 424,500 Labor 692, 725 Manufacturing overhead 365, 900 There are never any finished goods at Bostwick Chemicals because all production is to order. Required: Compute cost of goods sold for April. What is the value of work - in - process inventory on April 30?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Bostwick Chemicals started business on April 1. The following operations data are available for April for the one solvent it produces. Gallons Beginning inventory 0 Started in April 365, 000 Ending work- in - process inventory (75% complete) 47, 500 Costs incurred in April follow. Materials S 424,500 Labor 692, 725 Manufacturing overhead 365, 900 There are never any finished goods at Bostwick Chemicals because all production is to order. Required: Compute cost of goods sold for April. What is the value of work - in - process inventory on April 30?

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