FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Cost of Goods Manufactured for a Manufacturing Company
The following information is available for Ethtridge Manufacturing Company for the month ending July 31:
| Cost of direct materials used in production | $1,150,000 |
| Direct labor | 966,000 |
| Work in process inventory, July 1 | 316,400 |
| Work in process inventory, July 31 | 355,500 |
| Total factory |
490,500 |
Determine Ethtridge's cost of goods manufactured for the month ended July 31.
| Ethtridge Manufacturing Company | ||
| Statement of Cost of Goods Manufactured | ||
| For the Month Ended July 31 | ||
| $fill in the blank 2 | ||
| Add |
||
| $fill in the blank 4 | ||
| fill in the blank 6 | ||
| fill in the blank 8 | ||
| Total manufacturing costs incurred | fill in the blank 9 | |
| Total manufacturing costs | $fill in the blank 10 | |
| fill in the blank 12 | ||
| Cost of goods manufactured | $fill in the blank 13 |
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