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E4-2 Cost of Goods Sold. Belton Company has gathered the following data concerning its M operations (in thousands): Work in process inventory, beginning. Direct materials used. Finished goods inventory, ending Direct labor.... Work in process inventory, ending.... Factory overhead. Finished goods inventory, beginning.. ***** Required: Calculate cost of goods sold for May $250 90 300 60 210 80 340

E4-2 Cost of Goods Sold. Belton Company has gathered the following data concerning its M operations (in thousands): Work in process inventory, beginning. Direct materials used. Finished goods inventory, ending Direct labor.... Work in process inventory, ending.... Factory overhead. Finished goods inventory, beginning.. ***** Required: Calculate cost of goods sold for May $250 90 300 60 210 80 340

FINANCIAL ACCOUNTING
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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Please answer it on excel and provide the formula used in excel
E4-2 Cost of Goods Sold. Belton Company has gathered the following data concerning its May operations (in thousands): Work in process inventory, beginning. Direct materials used. Finished goods inventory, ending Direct labor...... Work in process inventory, ending. Factory overhead. Finished goods inventory, beginning.. Required: Calculate cost of goods sold for May. $250 90 300 60 210 80 340
Transcribed Image Text:E4-2 Cost of Goods Sold. Belton Company has gathered the following data concerning its May operations (in thousands): Work in process inventory, beginning. Direct materials used. Finished goods inventory, ending Direct labor...... Work in process inventory, ending. Factory overhead. Finished goods inventory, beginning.. Required: Calculate cost of goods sold for May. $250 90 300 60 210 80 340
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