Cost of Goods Sold, Cost of Goods ManufacturedWoodfall Company has the following information for June:Cost of direct materials used in productionDirect laborFactory overheadWork in process inventory, June 11Work in process inventory, June 30Finished goods inventory, June 1Finished goods inventory, June 30Costs Typea. For June, determine the cost of goods manufactured.Using the data given, prepare a statement of Cost of Goods Manufactured.Woodfall CompanyStatement of Cost of Goods ManufacturedTotal manufacturing costs incurred in JuneTotal manufacturing costs$58,00069,00024,00048,00042,000cost of goods manufactured30,00021,000Amount Amount0000

The cost of goods manufactured (COGM) refers to all the costs involved in producing a product,…

Cost of Goods Sold, Cost of Goods Manufactured Woodfall Company has the following information for June: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, June 11 Work in process inventory, June 30 Finished goods inventory, June 11 Finished goods inventory, June 30 $58,000 69,000 24,000 48,000 42,000 30,000 21,000 a. For June, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Woodfall Company Statement of Cost of Goods Manufactured Costs Type Amount Amount

Cost of Goods Sold, Cost of Goods Manufactured Woodfall Company has the following information for June: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, June 11 Work in process inventory, June 30 Finished goods inventory, June 11 Finished goods inventory, June 30 $58,000 69,000 24,000 48,000 42,000 30,000 21,000 a. For June, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Woodfall Company Statement of Cost of Goods Manufactured Costs Type Amount Amount

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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