women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory...

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women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $380,00 0 300,000 38,000 555,000 66,000 60,000 Inventories for the year were as follows: page 104 Materials Work-in- Process Finished Goods January 1 $25,000 45,000 135,000 December 31 $40,000 40,000 75,000 Required 1. Prepare a statement of cost of goods manufactured. 2. Calculate cost of goods sold. women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $380,00 0 300,000 38,000 555,000 66,000 60,000 Inventories for the year were as follows: page 104 Materials Work-in- Process Finished Goods January 1 $25,000 45,000 135,000 December 31 $40,000 40,000 75,000 Required 1. Prepare a statement of cost of goods manufactured. 2. Calculate cost of goods sold.

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STATEMENT OF COST OF GOODS MANUFACTURED AND SOLD Direct Materials A Beg... View the full answer