During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $17,000 and an ending finished goods inventory of $17,500. Beginning work-in- process was $16,000 and ending work-in-process was 14,500. Factory overhead was $22,500. The total manufacturing costs amounted to $244,000. Use this information to determine the FY 2018 Cost of Goods Sold. (Round enter as whole dollars only.)

During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $17,000 and an ending finished goods inventory of $17,500. Beginning work-in- process was $16,000 and ending work-in-process was 14,500. Factory overhead was $22,500. The total manufacturing costs amounted to $244,000. Use this information to determine the FY 2018 Cost of Goods Sold. (Round enter as whole dollars only.)

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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