X Company began operations in 2018. It manufactured 10,500 units of a single product and sold 7,200 units for $170 each. The following information is for 2018: Direct materials purchased $575,100 Direct materials used Direct labor costs Overhead costs Selling costs Administrative costs 562,800 262,605 124,530 99,540 66,360 There was no beginning balance in any inventory account. There were no unfinished units at the end of the year. What was the Cost of Goods Sold for 2018?
X Company began operations in 2018. It manufactured 10,500 units of a single product and sold 7,200 units for $170 each. The following information is for 2018: Direct materials purchased $575,100 Direct materials used Direct labor costs Overhead costs Selling costs Administrative costs 562,800 262,605 124,530 99,540 66,360 There was no beginning balance in any inventory account. There were no unfinished units at the end of the year. What was the Cost of Goods Sold for 2018?
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 14E: For each of the following independent situations, calculate the missing values: 1. The Belen plant...
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