Compute the Cost of Goods Sold for 2019 using the following information: ...
90.2K
Verified Solution
Link Copied!
Question
Accounting
-
Compute the Cost of Goods Sold for 2019 using the following information:
Direct Materials, Jan. 1, 2019 $ 42,000 Work-in-Process, Dec. 31, 2019 66,500 Direct Labor 50,500 Finished Goods, Dec. 31, 2019 109,000 Finished Goods, Jan. 1, 2019 134,000 Manufacturing Overhead 71,500 Direct Materials, Dec. 31, 2019 47,000 Work-in Process, Jan. 1, 2019 91,000 Purchases of Direct Material 79,000
$201,000
$247,500
$220,500
$245,500
Compute the Cost of Goods Sold for 2019 using the following information:
| Direct Materials, Jan. 1, 2019 | $ | 42,000 | |
| Work-in-Process, Dec. 31, 2019 | 66,500 | ||
| Direct Labor | 50,500 | ||
| Finished Goods, Dec. 31, 2019 | 109,000 | ||
| Finished Goods, Jan. 1, 2019 | 134,000 | ||
| Manufacturing Overhead | 71,500 | ||
| Direct Materials, Dec. 31, 2019 | 47,000 | ||
| Work-in Process, Jan. 1, 2019 | 91,000 | ||
| Purchases of Direct Material | 79,000 | ||
| $201,000 | ||
| $247,500 | ||
| $220,500 | ||
| $245,500 |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.