The following information is given from The Gathering Sound, Inc. for the month of August, 2020:

Beginning raw materials inventory   $21,600

Ending raw materials inventory   $18,600

Beginning work in process inventory   $35,000

Ending work in process inventory   $37,450

Beginning finished goods inventory   $29,340

Ending finished goods inventory   $28,995

Raw material purchases    $88,210

Direct materials used   $89,300

Direct labor used   $51,730

Total factory overhead applied   $62,076

Calculate the Cost of Goods Sold

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS we need to determine the total manufacturing costs incurred ... View the full answer