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Calculation of cost of goods sold& manufactured

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8. From PE 18-4A (a) what type of cost is maintenance on printing machines?
Product
Period
Both
None of the above

9. From 18-5A what is the cost of goods sold for August?
Nantahala company has the following information for August
Cost of direct materials used in production $30,000
Direct Labor $45,000
Factory Overhead $22,000
Work in progress inventory, August 1 - $10,000
Work in progress inventory, August 31 - $8,000
Finished goods inventory, August 1 - $18,000
Finished goods inventory, August 31 - $10,000

$99,000
$90,000
$117,000
$107,000

10. From 18-5A what is the cost of goods manufactured for August?
Nantahala company has the following information for August
Cost of direct materials used in production $30,000
Direct Labor $45,000
Factory Overhead $22,000
Work in progress inventory, August 1 - $10,000
Work in progress inventory, August 31 - $8,000
Finished goods inventory, August 1 - $18,000
Finished goods inventory, August 31 - $10,000

$99,000
$90,000
$117,000
$107,000

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Solution Preview

8. From PE 18-4A (a) what type of cost is maintenance on printing machines?
        Product
        Period
        Both
        None of the above

Answer         Period
cost of goods sold
Cost of direct materials used in production $30,000
Direct Labor ...

Solution Summary

The answer contains solutions for three questions namely computation of cost of goods sold, cost of goods manufactured, identification of period cost

$2.19