ssume the following costs in each of the categories identified in question one are: Packaged   (Cans & Bottles)  $163,251 Kegs  $76,063 Shrinkage/WIP   Loss  $42,000 Contract   Labor  $9,000 Direct   Labor  $240,000 Freight  $18,000 Consumer   Advertising  $30,000 Trade   Promotion  $30,000 Sales   Promotion  $18,000 Salaries   & Benefits  $180,000   What is Shannon's cost of goods sold?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume the following costs in each of the categories identified in question one are:

Packaged   (Cans & Bottles)

 $163,251

Kegs

 $76,063

Shrinkage/WIP   Loss

 $42,000

Contract   Labor

 $9,000

Direct   Labor

 $240,000

Freight

 $18,000

Consumer   Advertising

 $30,000

Trade   Promotion

 $30,000

Sales   Promotion

 $18,000

Salaries   & Benefits

 $180,000

 

What is Shannon's cost of goods sold?

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