Fallon Corporation provides the following information for 2020. (Click the icon to view the information for...

Transcribed Image Text:

Fallon Corporation provides the following information for 2020. (Click the icon to view the information for 2020.) Calculate (a) Cost of goods manufactured in 2020 and (b) Cost of goods sold in 2020. Calculate (a) Cost of goods manufactured in 2020. Total manufacturing costs to account for Cost of goods manufactured in 2020 Calculate (b) Cost of goods sold in 2020. Less: Cost of goods sold in 2020 Data table Beginning work-in-process Inventory, January 1, 2020 Total manufacturing costs incurred in 2020 Ending work-in-process Inventory, December 31, 2020 Beginning Inventory of finished goods, January 1, 2020 Ending Inventory of finished goods, December 31, 2020 $ $ $ - 11,000 168,000 12,000 18,000 24,000 X Fallon Corporation provides the following information for 2020. (Click the icon to view the information for 2020.) Calculate (a) Cost of goods manufactured in 2020 and (b) Cost of goods sold in 2020. Calculate (a) Cost of goods manufactured in 2020. Total manufacturing costs to account for Cost of goods manufactured in 2020 Calculate (b) Cost of goods sold in 2020. Less: Cost of goods sold in 2020 Data table Beginning work-in-process Inventory, January 1, 2020 Total manufacturing costs incurred in 2020 Ending work-in-process Inventory, December 31, 2020 Beginning Inventory of finished goods, January 1, 2020 Ending Inventory of finished goods, December 31, 2020 $ $ $ - 11,000 168,000 12,000 18,000 24,000 X

Answer rating: 100% (QA)

a Cost of goods manufactured in 2020 Beginning workinpr... View the full answer