MOLINE958 Corp's reported data for the month: Inventories: Raw materials (Direct and Indirect) Work in process Finished goods Beginning $43,800 $21,400 $50,100 Ending $24,800 $15,100 $68,400 Additional information: Raw materials purchases Direct labor cost (ID#57655) Manufacturing overhead cost actually incurred $47,600 Raw materials included in manufacturing overhead costs incurred $63,700 $74,200 as indirect materials $9,400 Manufacturing overhead cost applied to Work in Process $51,100 Q.) What is the adjusted cost of goods sold that appears on MOLINE958's income statement for the month?

MOLINE958 Corp's reported data for the month: Inventories: Raw materials (Direct and Indirect) Work in process Finished goods Beginning $43,800 $21,400 $50,100 Ending $24,800 $15,100 $68,400 Additional information: Raw materials purchases Direct labor cost (ID#57655) Manufacturing overhead cost actually incurred $47,600 Raw materials included in manufacturing overhead costs incurred $63,700 $74,200 as indirect materials $9,400 Manufacturing overhead cost applied to Work in Process $51,100 Q.) What is the adjusted cost of goods sold that appears on MOLINE958's income statement for the month?

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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