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 1 Work in process inventory, June 30 Finished goods inventory, June 1 Finished goods inventory, June 30 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 Cost of direct materials used in production Total manufacturing costs incurred in June. Total manufacturing costs Cost of goods manufactured $260,000 340,000 182,300 70,200 74,000 33,300 44,100 b. For June, determine the cost of goods sold. Amount 782,300 Amount 782,300

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 1 Work in process inventory, June 30 Finished goods inventory, June 1 Finished goods inventory, June 30 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 Cost of direct materials used in production Total manufacturing costs incurred in June. Total manufacturing costs Cost of goods manufactured $260,000 340,000 182,300 70,200 74,000 33,300 44,100 b. For June, determine the cost of goods sold. Amount 782,300 Amount 782,300

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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