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Calculate cost of goods sold using the following information Inventory type Raw Materials Work-in-Process $1,200 $950 Finished Goods $500 $650 January 1 December 31 $3,200 $2,800 Other information: Direct labor $10.200, manufacturing overhead $8,400; purchases of raw materials $45,800, total manufacturing costs $64,800 O $64,900 O $64,650 O $65,050 O $65,200

Calculate cost of goods sold using the following information Inventory type Raw Materials Work-in-Process $1,200 $950 Finished Goods $500 $650 January 1 December 31 $3,200 $2,800 Other information: Direct labor $10.200, manufacturing overhead $8,400; purchases of raw materials $45,800, total manufacturing costs $64,800 O $64,900 O $64,650 O $65,050 O $65,200

FINANCIAL ACCOUNTING
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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Calculate cost of goods sold using the following information January 1 December 31 $3,200 $2,800 $1,200 $950 Finished Goods $ 500 $ 650 Inventory type Raw Materials Work-in-Process Other information: Direct labor $10,200, manufacturing overhead $8,400; purchases of raw materials $45,800, total manufacturing costs $64,800 O $64,900 O $64,650 O $65,050 O $65,200
Transcribed Image Text:Calculate cost of goods sold using the following information January 1 December 31 $3,200 $2,800 $1,200 $950 Finished Goods $ 500 $ 650 Inventory type Raw Materials Work-in-Process Other information: Direct labor $10,200, manufacturing overhead $8,400; purchases of raw materials $45,800, total manufacturing costs $64,800 O $64,900 O $64,650 O $65,050 O $65,200
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