Question

Computing cost of goods manufactured and cost of goods sold. The following are account balances relating to 2013 (in thousands):
Property tax on plant building .............. $ 3,600
Marketing, distribution, and customer-service costs ..... 44,400
Finished goods inventory, January 1, 2013 .......... 32,400
Plant utilities ..................... 20,400
Work-in-process inventory, December 31, 2013 ...... 31,200
Amortization of plant building ............. 10,800
General and administrative costs (non-plant) ....... 51,600
Direct materials used .................. 104,400
Finished goods inventory, December 31, 2013 ........ 40,800
Amortization of plant equipment ............ 13,200
Plant repairs and maintenance ............ 19,200
Work-in-process inventory, January 1, 2013 ........ 24,000
Direct manufacturing labour .............. 40,800
Indirect manufacturing labour ............. 27,600
Indirect materials used ............... 13,200
Miscellaneous plant overhead ............. 4,800
REQUIRED
Compute cost of goods manufactured and cost of goods sold.


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  • CreatedJuly 31, 2015
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