Respuesta :
Answer:
Cost of goods manufactured = $328,400
Cost of goods sold = $343,700
Explanation:
The computation of cost of goods manufactured and cost of goods sold is shown below:-
(a) Cost of goods manufactured = Direct materials used + Direct labor + Depreciation on plant + Factory supplies used + Property taxes on plant + Work in Process 1 Jan - Work-in-process, 31 Dec
= $121,000 + $111,000 + $61,000 + $24,000 + $15,000 + $13,000 - $16,600
= $328,400
(b) Cost of goods sold = Finished goods, 1 Jan + Cost of goods manufactured - Finished goods, 31 Dec
= $61,000 + $328,400 - $45,700
= $343,700
Answer:
Cost of goods manufactured = $328,400
Cost of goods sold = $343,700
Explanation:
given data
Materials use product = $121,000
Advertising expense = $46,000
Depreciation = 61,000
Property taxes = 15,000
Property taxes = 7,600
Delivery expense = 22,000
Labor costs = 111,000
Sales commissions = 36,000
Factory supplies = 24,000
Salaries paid = 51,000
Work in process inventory Jan = $13,000
Work in process inventory Dec = $16,600
Finished goods inventory Jan = $61,000
Finished goods inventory Dec = $45,700
solution
we first get here Cost of goods manufactured that is express as
Cost of goods manufactured = Direct materials used + Direct labor + Depreciation on plant + Factory supplies used + Property taxes on plant + Work in Process Jan - Work-in-process Dec ......................1
put here value and we get
Cost of goods manufactured = $121,000 + 111,000 + $61,000 + $24,000 + $15,000 + $13,000 - $16,600
solve it we get
Cost of goods manufactured = $328,400
and
now we get here Cost of goods sold that is express as
Cost of goods sold = Finished goods Jan + Cost of goods manufactured - Finished goods Dec .....................2
put here value and we get
Cost of goods sold = $61,000 + $328,400 - $45,700
solve it
Cost of goods sold = $343,700
