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 $ ............ 4,200
Marketing, distribution, and customer-service costs ..... 44,400
Finished goods inventory, January 1, 2013 ........ 37,400
Plant utilities .................... 20,400
Work-in-process inventory, December 31, 2013 ..... 32,200
Amortization of plant building ........... 14,700
General and administrative costs (non-plant) ....... 51,600
Direct materials used ................. 106,800
Finished goods inventory, December 31, 2013 .... 44,800
Amortization of plant equipment .......... 14,700
Plant repairs and maintenance .......... 19,200
Work-in-process inventory, January 1, 2013 ........ 25,000
Direct manufacturing labour .............. 38,400
Indirect manufacturing labour .............. 27,600
Indirect materials used .............. 12,200
Miscellaneous plant overhead .............. 5,200
REQUIRED
Compute cost of goods manufactured and cost of goods sold.


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  • CreatedJuly 31, 2015
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