Yttrium Appliances began operations in 2023. It manufactured 15,000 units of a single product and sold 11,200 units for $210 each. The following information is for 2023: Direct materials purchased $825,300 Direct materials used Direct labor costs Overhead costs Selling costs Administrative costs $798,600 $387,500 $173,900 $142,500 $89,400 There was no beginning balance in any inventory account. There were no unfinished units at the end of the year. Required: What was the Cost of Goods Sold (COGS) for 2023?

Yttrium Appliances began operations in 2023. It manufactured 15,000 units of a single product and sold 11,200 units for $210 each. The following information is for 2023: Direct materials purchased $825,300 Direct materials used Direct labor costs Overhead costs Selling costs Administrative costs $798,600 $387,500 $173,900 $142,500 $89,400 There was no beginning balance in any inventory account. There were no unfinished units at the end of the year. Required: What was the Cost of Goods Sold (COGS) for 2023?

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 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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