Chapter 18, Problem P18.41BPGB

To determine

Cost of Goods Sold:

The total cost incurred in the production of goods which are sold is called cost of goods sold. It is computed by adding the total cost of goods manufactured and changes in the finished goods inventory balance.

To determine:

Compute the following Costs:

1.

Cost of raw materials purchased during the year.

2.

Cost of goods manufactured for the year.

3.

Cost of goods sold for the year.