Tidal Industries had a beginning finished goods inventory of $27,800 and an ending finished goods inventory of $25,200 during FY 2024. Beginning work-in-process was $22,300 and ending work-in-process was $20,500. Factory overhead was $32,400. The total manufacturing costs amounted to $315,600. Use this information to determine the FY 2024 Cost of Goods Sold.

Tidal Industries had a beginning finished goods inventory of $27,800 and an ending finished goods inventory of $25,200 during FY 2024. Beginning work-in-process was $22,300 and ending work-in-process was $20,500. Factory overhead was $32,400. The total manufacturing costs amounted to $315,600. Use this information to determine the FY 2024 Cost of Goods Sold.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

See similar textbooks

Similar questions

Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 548,000; beginning inventory of direct materials, 36,000; and ending inventory of direct materials, 23,000. Totals from other budgets included:
Tidal Industries had a beginning finished goods inventory of $27,800 and an ending finished goods inventory of $25,200 during FY 2024. Beginning work-in-process was $22,300 and ending work-in-process was $20,500. Factory overhead was $32,400. The total manufacturing costs amounted to $315,600. Use this information to determine the FY 2024 Cost of Goods Sold.
Triton Manufacturing had a beginning finished goods inventory of $23,500 and an ending finished goods inventory of $21,000 during FY 2023. Beginning work-in-process was $19,500 and ending work-in-process was $18,000. Factory overhead was $28,600. The total manufacturing costs amounted to $298,000. Use this information to determine the FY 2023 Cost of Goods Sold. (Round enter as whole dollars only.)Y
Triton Manufacturing had a beginning finished goods inventory of $23,500 and an ending finished goods inventory of $21,000 during FY 2023. Beginning work-in-process was $19,500 and ending work-in-process was $18,000. Factory overhead was $28,600. The total manufacturing costs amounted to $298,000. Use this information to determine the FY 2023 Cost of Goods Sold. (Round enter as whole dollars only.) Provide answer
Triton Manufacturing had a beginning finished goods inventory of $23,500 and an ending finished goods inventory of $21,000 during FY 2023. Beginning work-in-process was $19,500 and ending work-in-process was $18,000. Factory overhead was $28,600. The total manufacturing costs amounted to $298,000. Use this information to determine the FY 2023 Cost of Goods Sold. (Round enter as whole dollars only.)Help
Given the correct answer is accounting
Use this information to determine the fy 2023 Cost of good sold?? Financial accounting
Please solve this question
Need help
How much is the cost of goods sold for the year ?
Don't Use AI
During FY 2005 Plastic Manufacturing had total manufacturing costs are $418,000. Their cost of goods manufactured for the year was $448,000. The January 1, 2006 balance of the Work-in-Process Inventory is $49,000. Use this information to determine the dollar amount of the FY 2005 beginning Work-in-Process Inventory.