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22.02.2021 •
Business
Cost of Goods Sold, Cost of Goods Manufactured Glenville.
Company has the following information for April:
Cost of direct materials used in production $280,000
Direct labor 324,000
Factory overhead 188,900
Work in process inventory, April 1 72,300
Work in process inventory, April 30 76,600
Finished goods inventory, April 1 39,600
Finished goods inventory, April 30 41,200
a. For April, determine the cost of goods manufactured.
b. For April, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold.
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