Ginobili Corp has the following information: Ending Beginning Inventory Inventory (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory (1/1) $ 21,507 $ 23,112 $ 13,945 $ 9,081 $ 19,802 $ 19,956 Additional information for the year is as follows: Raw materials purchases $ 56,338 $ 41,158 $ 46,601 $ Direct labor Manufacturing overhead applied Indirect materials 2,394 Compute the cost of goods manufactured.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ginobili Corp has the following information:
Beginning Ending
Inventory Inventory
(1/1)
(12/31)
Raw Materials Inventory
Work in Process Inventory
Finished Goods Inventory
$ 21,507 $ 23,112
$ 13,945 $ 9,081
$ 19,802 $ 19,956
Additional information for the year is as follows:
Raw materials purchases
$ 56,338
$ 41,158
$
$
$ 46,601
2,394
$
Direct labor
Manufacturing overhead applied
Indirect materials
Compute the cost of goods manufactured.
Transcribed Image Text:Ginobili Corp has the following information: Beginning Ending Inventory Inventory (1/1) (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $ 21,507 $ 23,112 $ 13,945 $ 9,081 $ 19,802 $ 19,956 Additional information for the year is as follows: Raw materials purchases $ 56,338 $ 41,158 $ $ $ 46,601 2,394 $ Direct labor Manufacturing overhead applied Indirect materials Compute the cost of goods manufactured.
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