Prepare a cost of goods sold statement. es July 1 (Beginning) $ 76,800 69,600 78,000 Direct materials

 Prepare a cost of goods sold statement. 

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es July 1 (Beginning) $ 76,800 69,600 78,000 Direct materials purchased during the quarter amount to $480,000, and the cost of goods sold for the quarter was $1,740,000. Direct materials inventory Work-in-process inventory. Finished goods inventory Required: Prepare a cost of goods sold statement. Beginning work-in-process inventory Manufacturing costs: Direct materials: Beginning inventory Purchases Materials available Less: Ending inventory SANTA MARIA PARTS Cost of Goods Sold Statement For the Quarter Ended September 30 Direct materials used Other manufacturing costs Total manufacturing costs Total costs of work-in-process Less: Ending work-in-process Cost of goods manufactured Beginning finished goods inventory Finished goods available for sale Less: Ending finished goods inventory Cost of goods sold September 30 (Ending) $ 94,400 37,200 72,000 $ $ 76,800 480,000 556,800 (94,400) $ 462,400 $ $ $ $ S 69,600 462,400 532,000 (37,200) 494,800 78,000 572,800 (72.000) 500,800 es July 1 (Beginning) $ 76,800 69,600 78,000 Direct materials purchased during the quarter amount to $480,000, and the cost of goods sold for the quarter was $1,740,000. Direct materials inventory Work-in-process inventory. Finished goods inventory Required: Prepare a cost of goods sold statement. Beginning work-in-process inventory Manufacturing costs: Direct materials: Beginning inventory Purchases Materials available Less: Ending inventory SANTA MARIA PARTS Cost of Goods Sold Statement For the Quarter Ended September 30 Direct materials used Other manufacturing costs Total manufacturing costs Total costs of work-in-process Less: Ending work-in-process Cost of goods manufactured Beginning finished goods inventory Finished goods available for sale Less: Ending finished goods inventory Cost of goods sold September 30 (Ending) $ 94,400 37,200 72,000 $ $ 76,800 480,000 556,800 (94,400) $ 462,400 $ $ $ $ S 69,600 462,400 532,000 (37,200) 494,800 78,000 572,800 (72.000) 500,800

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Cost of goods available for sale It includes the beginning finished goods inventory and the cost of ... View the full answer