Calculate the cost of goods sold using the following information: Direct materials used $ 298,500 Direct labor 132,000 Total factory overhead 264,000 General and administrative expenses 85,500 Selling expenses 48,800 Work in Process inventory, beginning 118,500 Work in Process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 125,900 232,100 238,700

Here is selected data for Lori Corporation: Cost of raw material purchased Cost of requisitioned direct materials Cost of requisitioned indirect materials Direct labor Manufacturing overhead incurred Cost of goods completed Cost of goods sold $77,000 43,000 3,000 80,000 100,000 233,500 OA. credit to Work-in- Process Inventory account for $237,500 OB. debit to Finished Goods Inventory account for $237,500 OC. debit to Finished Goods account for $233,500 OD. debit to Work-in-Process Inventory account for $233,500 142,000 17,000 32,000 35,000 130% Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Manufacturing overhead allocation rate (based on direct labor) The journal entry to transfer completed goods to the finished goods inventory account would include a

Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the following information for May: Cost of direct materials used in production $66,000 Direct labor 73,000 Factory overhead 37,000 Work in process inventory, May 1 59,000 Work in process inventory, May 31 58,750 Finished goods inventory, May 1 25,000 Finished goods inventory, May 31 19,000 Question Content Area a.  For May, using the data given, prepare a statement of Cost of Goods Manufactured. Princeton 3 CompanyStatement of Cost of Goods Manufacturedblank     $- Select -   $- Select -     - Select -     - Select -   Total manufacturing costs incurred during May   fill in the blank 47477f001f8204f_9 Total manufacturing costs   $fill in the blank 47477f001f8204f_10     - Select - Cost of goods manufactured   $fill in the blank 47477f001f8204f_13         Question Content Area b.  For May, using the data given, prepare a statement of Cost of Goods…

Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the following information for May: Cost of direct materials used in production $17,300 Direct labor 44,700 Factory overhead 28,800 Work in process inventory, May 1 72,100 Work in process inventory, May 31 76,400 Finished goods inventory, May 1 30,300 Finished goods inventory, May 31 34,600 Question Content Area a.  For May, using the data given, prepare a statement of Cost of Goods Manufactured. Princeton 3 CompanyStatement of Cost of Goods Manufacturedblank     $- Select -   $- Select -     - Select -     - Select -   Total manufacturing costs incurred during May   fill in the blank 22653a05d041061_9 Total manufacturing costs   $fill in the blank 22653a05d041061_10     - Select - Cost of goods manufactured   $fill in the blank 22653a05d041061_13         Question Content Area b.  For May, using the data given, prepare a statement of Cost of Goods…