Brock Company makes candy. During the most recent accounting period Brock paid $3,000 for direct materials, $4,000 for direct labor, and $2,000 for overhead costs that were incurred to make candy. Brock started and completed 10,000 units of candy of which 8,000 were sold. Based on this information Brock would recognize which of the following amounts of cost of goods sold on the income statement? Do not enter dollar signs, commas or text; just the number.

Brock Company makes candy. During the most recent accounting period Brock paid $3,000 for direct materials, $4,000 for direct labor, and $2,000 for overhead costs that were incurred to make candy. Brock started and completed 10,000 units of candy of which 8,000 were sold. Based on this information Brock would recognize which of the following amounts of cost of goods sold on the income statement? Do not enter dollar signs, commas or text; just the number.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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