Question: Information for Maxim Manufacturing is presented below. Compute the cost of goods manufactured and cost of goods sold for Maxim Manufacturing. Beginning raw materials inventory$

Information for Maxim Manufacturing is presented below. Compute the cost of goods manufactured and cost of goods sold for Maxim Manufacturing.

Beginning raw materials inventory$ 36,800Beginning work in process inventory28,300Direct labor98,000Beginning finished goods inventory54,000Indirect labor62,000Depriciation on factory equipment20,000factory utilities26,000Raw materials purchased55,500Ending raw materials inventory41,000Factory maintenance18,000Ending work in process inventory29,000Ending finished goods inventory37,000

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