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View Full Version : Fill in the blanks on this "Cost of Goods Manufactured" and how you got the answer


reese04
Jan 16, 2010, 03:55 PM
Work in process inventory, December 1, 2010 246000

Direct Materials:
Materials inventory, December 1, 2010 102000
Purchases 230000
Cost of materials available for use 332000
Less materials inventory, December 31, 2010 ?
Cost of direct materials used in production ?

Direct labor ?
Factory overhead 114000

Total Manufacturing costs incurred during December 660000

Total Manufacturing costs 906000

Less work in process inventory, December 31, 2010 252000

Cost of goods manufactured 654000

Curlyben
Jan 16, 2010, 04:04 PM
Thank you for taking the time to copy your homework to AMHD.
Please refer to this announcement: https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html