The cost data of LOREGE INC. for the month of April 2011 shows the following: Payroll of Factory employees, net of taxes amounting to 5,600, is 33,450.00; Property taxes of Factory plant 6,000 ; Salary of security guard of factory plant 5,000; Depreciation of Office building 3,500; Depreciation of store building 4,500; Depreciation of factory plant 2,800; Total Materials purchased, (includes indirect materials of 4,000) is 40,000; Increase in Direct materials inventory 15,000.00 ; Increase in Indirect materials inventory 0; Decrease in WIP 8,900; Increase in Finished goods 12,500. What is the Cost of goods sold (COGS)

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To calculate the Cost of Goods Sold COGS for LOREGE INC for the month of April 2011 we need to use t... View the full answer