The following information is available for the first month of operations of Diacox Inc., a manufacturer of sports a Sales $2,050,000 Gross profit 490,000 Indirect labor 152,000 Indirect materials 45,000 Other factory overhead 515,000 Materials purchased 801,000 Total manufacturing costs for the period 1,710,000 Materials inventory, end of period 36,800 Using the given information, determine the following: a. Cost of goods sold

The following information is available for the first month of operations of Diacox Inc., a manufacturer of sports a Sales $2,050,000 Gross profit 490,000 Indirect labor 152,000 Indirect materials 45,000 Other factory overhead 515,000 Materials purchased 801,000 Total manufacturing costs for the period 1,710,000 Materials inventory, end of period 36,800 Using the given information, determine the following: a. Cost of goods sold

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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Borchardt Corporation has provided the following data concerning last month's operations. Direct materials Direct labor Manufacturing overhead applied to Work in Process Work in process inventory $169,000 O$235,000 How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured? $173,000 O$178.000 Beginning $ 66,000 hs $ 29,000 $ 58,000 $ 82,000 Ending $ 57,000
Give true calculation
All information included
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Borchardt Corporation has provided the following data concerning last month’s operations. Direct materials $29,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $82,000 Beginning Ending Work in process inventory $66,000 $57,000 How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured? Multiple Choice A. $235,000 B. $178,000 C.$173,000 D. $169,000