Cost of Goods Manufactured and Cost of Goods Sold For each of the following unrelated columns of data for the year, compute the cost of goods manufactured and the cost of goods sold Selling expenses Factory insurance A B C $600 $700 $900 180 270 300 Ending finished goods inventory 620 660 930 Non-factory administrative expenses Direct labor 300 400 800 2.130 2,850 3.160 Beginning materials inventory 425 575 850 Beginning work in process inventory 140 920 1,290 indirect materials used 270 325 520 Factory utilities 350 360 500 Factory depreciation 820 740 365 Ending work in process inventory 790 985 1425 Ending materials inventory 385 610 820 Indirect labor Beginning finished goods inventory Factory repairs and maintenance Net delivered cost of materials purchased Factory supplies used Direct materials used Du lahor Total manufacturing overheadi Tota manufacturing costs Cost of guds manufactured Cast of goods sold 225 410 365 565 680 950 330 250 415 2,780 3.620 8.170 210 230 260 C S $ $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
None
Cost of Goods Manufactured and Cost of Goods Sold
For each of the following unrelated columns of data for the year, compute the cost of goods manufactured and the cost of goods sold
Selling expenses
Factory insurance
A
B
C
$600 $700 $900
180
270
300
Ending finished goods inventory
620 660 930
Non-factory administrative expenses
Direct labor
300
400 800
2.130 2,850 3.160
Beginning materials inventory
425
575 850
Beginning work in process inventory
140
920 1,290
indirect materials used
270
325 520
Factory utilities
350 360 500
Factory depreciation
820
740 365
Ending work in process inventory
790
985 1425
Ending materials inventory
385 610 820
Indirect labor
Beginning finished goods inventory
Factory repairs and maintenance
Net delivered cost of materials purchased
Factory supplies used
Direct materials used
Du lahor
Total manufacturing overheadi
Tota manufacturing costs
Cost of guds manufactured
Cast of goods sold
225 410 365
565 680 950
330 250 415
2,780 3.620 8.170
210 230 260
C
S
$
$
Transcribed Image Text:Cost of Goods Manufactured and Cost of Goods Sold For each of the following unrelated columns of data for the year, compute the cost of goods manufactured and the cost of goods sold Selling expenses Factory insurance A B C $600 $700 $900 180 270 300 Ending finished goods inventory 620 660 930 Non-factory administrative expenses Direct labor 300 400 800 2.130 2,850 3.160 Beginning materials inventory 425 575 850 Beginning work in process inventory 140 920 1,290 indirect materials used 270 325 520 Factory utilities 350 360 500 Factory depreciation 820 740 365 Ending work in process inventory 790 985 1425 Ending materials inventory 385 610 820 Indirect labor Beginning finished goods inventory Factory repairs and maintenance Net delivered cost of materials purchased Factory supplies used Direct materials used Du lahor Total manufacturing overheadi Tota manufacturing costs Cost of guds manufactured Cast of goods sold 225 410 365 565 680 950 330 250 415 2,780 3.620 8.170 210 230 260 C S $ $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education