Following inventory and cost data relate to a manufacturing company for 2017. Calculate the Cost of...
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Following inventory and cost data relate to a manufacturing company for 2017. Calculate the Cost of Goods Sold as at December 31, 2017. Item January 1, 2017 December 31, 2017 Raw materials Work in process Finished goods Raw materials purchase 8,800 7,000 15,000 13,900 16,900 12,000 98,300 Direct labor 42,800 Factory rent Factory utilities 8,000 10,300 Indirect materials 6,900 Indirect labor 9,900 Operating expenses 17,000 Following inventory and cost data relate to a manufacturing company for 2017. Calculate the Cost of Goods Sold as at December 31, 2017. Item January 1, 2017 December 31, 2017 Raw materials Work in process Finished goods Raw materials purchase 8,800 7,000 15,000 13,900 16,900 12,000 98,300 Direct labor 42,800 Factory rent Factory utilities 8,000 10,300 Indirect materials 6,900 Indirect labor 9,900 Operating expenses 17,000
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Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
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