X company in2016 sold 7200 units for 180 each :

units produced                      9500

direct materials purchased 534770

direct materials used           517370

direct labor costs                 243010

overhead costs                    107160

selling and admin costs        151145

no inventory account in beginning balance, no closing balance in the work in process.

Find the costs 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