Cost of Goods Sold. Stroup Manufacturing incurred manufacturing costs totaling $110,000 in July Inventories were-as follows...

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Cost of Goods Sold. Stroup Manufacturing incurred manufacturing costs totaling $110,000 in July Inventories were-as follows (in thousands): E4-1 July 31 $120 90 June 30 Finished Goods Work in Process $150 80 Required: Calculate cost of goods sold for July. E4-2 Cost of Goods Sold. Belton Company has gathered the following data conceming its May operations (in thousands): $250 90 300 Work in process inventory, beginning Direct materiais used Finished goods inventory, ending Direct labor. Work in process inventory, ending Factory overhead. Finished goods inventory, beginning 210 80 340 Required: Calculate cost of goods sold for May. Part 2 Cost Accumulation E4-3 Cost of Goods Manufactured; Cost of Goods Sold. Valleydale Company incurred the following costs during the month: direct labor, S120,000, factory anerhead, S108.000; and direct materials parchases, $160.000, Inventories were costed as tollows Finished Goods Work in Process Direst Materials Beginning $27,000 61.500 37.500 Ending S26.000 57.500 43.500 Required: (1) Calculate the cost of goods manufactured (2) Calculate the cost of gods sold. Cost of Goods Sold. Stroup Manufacturing incurred manufacturing costs totaling $110,000 in July Inventories were-as follows (in thousands): E4-1 July 31 $120 90 June 30 Finished Goods Work in Process $150 80 Required: Calculate cost of goods sold for July. E4-2 Cost of Goods Sold. Belton Company has gathered the following data conceming its May operations (in thousands): $250 90 300 Work in process inventory, beginning Direct materiais used Finished goods inventory, ending Direct labor. Work in process inventory, ending Factory overhead. Finished goods inventory, beginning 210 80 340 Required: Calculate cost of goods sold for May. Part 2 Cost Accumulation E4-3 Cost of Goods Manufactured; Cost of Goods Sold. Valleydale Company incurred the following costs during the month: direct labor, S120,000, factory anerhead, S108.000; and direct materials parchases, $160.000, Inventories were costed as tollows Finished Goods Work in Process Direst Materials Beginning $27,000 61.500 37.500 Ending S26.000 57.500 43.500 Required: (1) Calculate the cost of goods manufactured (2) Calculate the cost of gods sold.

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SOLUTION 1 COST OF GOODS SOLD beginning finished goods add cost of goods manufactured 150 10 cost of ... View the full answer