**Question 8**Deja Brew Company reported the following for the most recently completed fiscal year:- **Work-in-Process Inventory, Beginning:** $63,500- **Work-in-Process Inventory, Ending:** $58,200- **Finished Goods Inventory, Beginning:** $31,600- **Finished Goods Inventory, Ending:** $31,500| Category | Amount ||----------------------------------------|-----------|| Raw Materials Purchased | $109,600 || Direct Labor | $180,800 || Manufacturing Overhead | $95,900 || Cost of Goods Manufactured | $391,200 |*Calculate cost of goods sold for the year.*---For submission purposes:- Click **Save and Submit** to save and submit.- Click **Save All Answers** to save all answers.

INTRODUCTION: COGS referred Cost of goods sold refers to expenses directly associated with…

Deja Brew Company reported the following for the most recently completed fiscal year: Raw Materials Purchased Direct Labor Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Calculate cost of goods sold for the year. $63,500 58,200 31,600 31,500 Manufacturing Overhead Cost of Goods Manufactured $109,600 180,800 95,900 391,200

Deja Brew Company reported the following for the most recently completed fiscal year: Raw Materials Purchased Direct Labor Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Calculate cost of goods sold for the year. $63,500 58,200 31,600 31,500 Manufacturing Overhead Cost of Goods Manufactured $109,600 180,800 95,900 391,200

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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