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Woodfall Company has the following information for June: Cost of direct materials used in $260,000 production Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 For June, determine (a) the cost of goods manufactured and (b) the cost of goods sold. 340,000 182,300 70,200 74,000 33,300 44,100

Woodfall Company has the following information for June: Cost of direct materials used in $260,000 production Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 For June, determine (a) the cost of goods manufactured and (b) the cost of goods sold. 340,000 182,300 70,200 74,000 33,300 44,100

FINANCIAL ACCOUNTING
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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Woodfall Company has the following information for June: Cost of direct materials used in production $260,000 Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 For June, determine (a) the cost of goods manufactured and (b) the cost of goods sold. 340,000 182,300 70,200 74,000 33,300 44,100
Transcribed Image Text:Woodfall Company has the following information for June: Cost of direct materials used in production $260,000 Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 For June, determine (a) the cost of goods manufactured and (b) the cost of goods sold. 340,000 182,300 70,200 74,000 33,300 44,100
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