roblem 23: COST OF GOODS SOLD ( ACTUAL COSTING ) Danica Corp. provided the following inventory balances and cost data for the month of June, June 1 June 30 Direct materials 30,000 40,000 Work in process 15,000 20,000 Finished goods 65,000 50,000 Production data for the month of June follows: Cost of goods manufactured 515,000 Factory overhead applied 150,000 Direct materials used 190,900 Actual factory overhead 144,000 Required: Compute the cost of goods sold under actual costing
Problem 23: COST OF GOODS SOLD ( ACTUAL COSTING )
Danica Corp. provided the following inventory balances and cost data for the month of June,
June 1 June 30
Direct materials 30,000 40,000
Work in process 15,000 20,000
Finished goods 65,000 50,000
Production data for the month of June follows:
Cost of goods manufactured 515,000
Factory
Direct materials used 190,900
Actual factory overhead 144,000
Required: Compute the cost of goods sold under actual costing
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