Cost of Goods Sold, Cost of Goods Manifactured Glenville Company has thefollowing information for April; Cost of direct materials used in production $41,000Direct labor 55,000 Factory overhead 30, 000 Work in process inventory, April1, 25,000 Work in process inventory, April 30, 41, 000 Finished goods mventory,April 1, 21,000 Finished goods inventory, Apnt 30, 17, 000 a. For April, determinethe cost of goods manufactured. Using the data given, prepare a statement of Costof Goods Manufactured. Glenville Company Statement of Cost of GoodsManufactured Total manufacturing costs incurred in April Total manufacturingcosts Cost of Goods Sold, Cost of Goods ManufacturedGlenville Company has the following information for April:Cost of direct materials used in productionDirect laborFactory overheadWork in process inventory, April 11Work in process inventory, April 30Finished goods mventory, April 1Finished goods inventory, April 30a. For April, determine the cost of goods manufactured.Using the data given, prepare a statement of Cost of Goods Manufactured.Glenville CompanyStatement of Cost of Goods ManufacturedTotal manufacturing costs incurred in AprilTotal manufacturing costsWass$41,00055,00030,00025,00041,00021,00017,000000

Cost of goods manufactured includes all manufacturing related expenses. For example labour,…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Cost of Goods Sold, Cost of Goods Manifactured Glenville Company has the following information for April; Cost of direct materials used in production $41,000 Direct labor 55,000 Factory overhead 30, 000 Work in process inventory, April 1, 25,000 Work in process inventory, April 30, 41, 000 Finished goods mventory, April 1, 21,000 Finished goods inventory, Apnt 30, 17, 000 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Glenville Company Statement of Cost of Goods Manufactured Total manufacturing costs incurred in April Total manufacturing costs

Cost of Goods Sold, Cost of Goods Manufactured
Glenville Company has the following information for April:
Cost of direct materials used in production
Direct labor
Factory overhead
Work in process inventory, April 11
Work in process inventory, April 30
Finished goods mventory, April 1
Finished goods inventory, April 30
a. For April, determine the cost of goods manufactured.
Using the data given, prepare a statement of Cost of Goods Manufactured.
Glenville Company
Statement of Cost of Goods Manufactured
Total manufacturing costs incurred in April
Total manufacturing costs
Wass
$41,000
55,000
30,000
25,000
41,000
21,000
17,000
000

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