Calculate the cost of goods sold using the following information:

Direct materials	ps	299,300
Direct labour		132,800
Factory overhead costs		264,800
General and administrative expenses		86,300
selling expenses		49,600
Work-in-Process Inventory, January 1		119,300
Work-in-Process Inventory, December 31		126,700
Finished Goods Inventory, January 1		232,900
Finished Goods Inventory, December 31		239,500

Answer rating: 100% (QA)

To calculate the cost of goods sold we need to determine the total cost of goods manufacture... View the full answer