Question: Raw material increase. 15500 Work in process decrease by. 18900 Finished goods increased by. 8700 Purchases of raw material. 150000 Purchases returns. 2000 Direct labor

Raw material increase. 15500

Work in process decrease by. 18900

Finished goods increased by. 8700

Purchases of raw material. 150000

Purchases returns. 2000

Direct labor cost. 125000

Menufacturing overhead. 75000

From the above Information compute the cost of goods sold.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To compute the cost of goods sold COGS well use the formula COGS Beginning Finished Goods Inventory ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!