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    Solve: Cost of Goods Sold

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    Question: Gaeddert Corporation reported the following data for the month of July:

    Inventories............Beginning.........Ending
    Raw Materials.......$35 200..........$27 200
    Work in Process....$12 600.........$15 300
    Finished Goods.....$36 200.........$41 000

    Additional Information:
    Sales..................................$252 000
    Raw materials purchases....$76 300
    Direct labour cost................$32 600
    Manufacturing overhead cost..$81 700
    Selling expense....................$23 500
    Administrative expense.........$28 600

    The cost of goods sold for July was ?

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    https://brainmass.com/business/cogs/solve-cost-of-goods-sold-200333

    Solution Preview

    Please view the attachment to understand how these calculations have been computed.

    We first calculate the cost of goods manufactured. This is calculated as

    1. Schedule of Cost of ...

    Solution Summary

    This solution explains how to calculate the cost of goods sold for the scenario in question. All findings have been presented in table format. An Excel spreadsheet is also attached to this solution and shows how all of the computations were completed. By clicking directly onto the cells, it highlights what functions were employed to derive the desired values.

    $2.19

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