Gauntlet Company has the following information for January: Cost of direct materials used in production Direct...
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Gauntlet Company has the following information for January: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, January 1 Work in process inventory, January 31 Finished goods inventory, January 1 Finished goods inventory, January 31 For January, determine (a) the cost of goods manufactured and (b) the cost of goods sold. $25,000 35,000 20,000 30,000 25,000 15,000 12,000 Gauntlet Company has the following information for January: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, January 1 Work in process inventory, January 31 Finished goods inventory, January 1 Finished goods inventory, January 31 For January, determine (a) the cost of goods manufactured and (b) the cost of goods sold. $25,000 35,000 20,000 30,000 25,000 15,000 12,000
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Cost of Goods Manufactured COGM The COGM represents the total cost incurred in producing finished go... View the full answer
Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
Posted Date:
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