The following cost and inventory data were taken from the records of the Beca Company for the year 2008:

Required:
(a) Compute the cost of goods manufactured for 2008.
(b) Prepare a cost of goods sold statement for2008.

Transcribed Image Text:

Costs incurred: Depreciation, factory equipment Depreciation, office equipment Supplies, factory Maintenance, factory equipment Utilities, factory Sales commissions Indirect labor Rent, factory building Purchases of direct materials (net 124,000 Direct labor cost Advertising expense Inventories: January 1, 2008 December 31,2008 Direct Materials Work in Process Finished goods S 30,000 S 7,000 S 1.500 S 20,000 S 8,000 S 30,000 S 54,500 S 70,000 S 80,000 S 90,000 S 9,000 S11,000 S 6,000 S 21,000 S 69,000 S 24,000