Sales 46,500,000 Raw materials inventory, beginning Raw materials inventory, ending 3,500,000 2,000,000 Purchases of raw materials 9,500,000 Direct labor 7,500,000 Manufacturing overhead Administrative expenses 10,500,000 4,500,000 Selling expenses 6,000,000 Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 4,000,000 3,500,000 4,500,000 7,000,000
Sales 46,500,000 Raw materials inventory, beginning Raw materials inventory, ending 3,500,000 2,000,000 Purchases of raw materials 9,500,000 Direct labor 7,500,000 Manufacturing overhead Administrative expenses 10,500,000 4,500,000 Selling expenses 6,000,000 Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 4,000,000 3,500,000 4,500,000 7,000,000
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 12PA: The following data summarize the operations during the year. Prepare a journal entry for each...
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Calculate the cost of goods sold for the year.
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