Beginning work in process inventory $42,000 Plus: Manufacturing costs incurred Direct...
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Accounting
Beginning work in process inventory $ Plus: Manufacturing costs incurred Direct materials used $ Direct labor Manufacturing overhead Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured $ Part Now calculate the cost of goods sold. Strike Gold Company Calculation of Cost of Goods Sold For Current Year Beginning finished goods inventory Plus: Less: Cost of goods sold
Beginning work in process inventory
$
Plus:
Manufacturing costs incurred
Direct materials used
$
Direct labor
Manufacturing overhead
Total manufacturing costs to account for
Less:
Ending work in process inventory
Cost of goods manufactured
$
Part
Now calculate the cost of goods sold.
Strike Gold Company
Calculation of Cost of Goods Sold
For Current Year
Beginning finished goods inventory
Plus:
Less:
Cost of goods sold
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