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    reese04's Avatar
    reese04 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jan 16, 2010, 03:55 PM
    Fill in the blanks on this "Cost of Goods Manufactured" and how you got the answer
    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's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    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/financ...-b-u-font.html
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