The following information is available for the first month of operations of Kleinfeld Company, a manufacturer of
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Question:
The following information is available for the first month of operations of Kleinfeld Company, a manufacturer of wall clocks:
Sales | $1,460,300 |
Beginning Work in process | 82,400 |
Beginning Finished goods inventory | 319,250 |
Materials inventory, beginning | 6,300 |
Indirect labor | 22,700 |
Factory depreciation | 16,000 |
Materials purchased | 88,400 |
Current period manufacturing cost | 223,200 |
Materials inventory, ending | 15,500 |
Ending Finished Goods inventory | 102,400 |
Ending Work in process | 43,200 |
Using the above information, determine the cost of goods sold:
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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