1. Business
  2. Accounting
  3. cost of goods sold cost of goods manufactured glenville company...

Question: cost of goods sold cost of goods manufactured glenville company...

Question details
  1. Cost of Goods Sold, Cost of Goods Manufactured

    Glenville Company has the following information for April:

    Cost of direct materials used in production $ 56,000
    Direct labor 65,000
    Factory overhead 34,000
    Work in process inventory, April 1 41,000
    Work in process inventory, April 30 37,000
    Finished goods inventory, April 1 24,000
    Finished goods inventory, April 30 19,000

    a. For April, determine the cost of goods manufactured.

    Using the data given, prepare a statement of Cost of Goods Manufactured.

    Glenville Company
    Statement of Cost of Goods Manufactured
    $
    $
    Total manufacturing costs incurred in April
    Total manufacturing costs $
    Cost of goods manufactured $

    b. For April, determine the cost of goods sold.

    Using the data given, prepare a statement of Cost of Goods Sold.

    Glenville Company
    Statement of Cost of Goods Sold
    $
    $
    Cost of goods sold $
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution