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

Cost of Goods Sold, Cost of Goods Manufactured

Glenville Company has the following information for April:

 Cost of direct materials used in production $62,000 Direct labor 72,000 Factory overhead 23,000 Work in process inventory, April 1 50,000 Work in process inventory, April 30 39,000 Finished goods inventory, April 1 25,000 Finished goods inventory, April 30 18,000 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured.  Glenville Company Statement of Cost of Goods Manufactured Work in process inventory, April 1$ Cost of direct materials used in production $Direct labor Factory overhead Total manufacturing costs incurred in April Total manufacturing costs$ Work in process inventory, April 30 Cost of goods manufactured $Feedback a. Add direct materials, direct labor, and factory overhead to the beginning work in process inventory. Subtract the ending work in process inventory. b. For April, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold.  Glenville Company Statement of Cost of Goods Sold Finished goods inventory, April 1$ Cost of goods manufactured Cost of finished goods available for sale $Finished goods inventory, April 30 Cost of goods sold$