Share
Explore BrainMass

Cost of Goods Sold

Computing Cost of Goods Manufactured

Computing Cost of Goods Manufactured Using the following information, compute cost of goods manufactured, which is the cost of inventory transferred to Finished Goods Inventory. Work-in-process inventory, beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $132,425 Work-in-process in

cost of goods sold BrainMass Expert explains

Below is a series of cost of goods sold for companies X, L, F, and S X L F S Beginning inventory $ 250 120 1000 $ (J) Purchases $ 1500 1080 (G) 43,590 Purchase returns and allowances $ 40 (D

Cost of goods sold manufactured and sold

The following information pertains to Bluegrass Manufacturing Company for March 2003. Assume actual overhead equaled applied overhead. March 1 Inventory Balances Raw Materials 95,000 Work in Process 120,000 Finished Goods

Cost of Goods manufactured

I'm not sure how to get the cost of goods manufactured without having data like rent, utilites and so on... There is a formula but I don't think I'm using the correct numbers. Thanks for your help! AMFAC COMPANY Cost of Goods Manufactured (3) Units Direct materials cost Direct labor cost Manufacturing overhead

Larkin Corporation

The following data (in thousands of dollars) have been taken from accounting records of Larkin Corporation for the just completed year. Sales................................................820.00 Purchase of raw materials........................180.00 Direct labor..........................................130.00 Manufactu

Review Questions

1. Craft Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2002 Dec. 31, 2001 Raw materials inventory $310,000 $260,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2002, $500,000 of raw materials were purchased, direct labor costs a