Please show all work please Olivia s Outdoor Essentials produces gear for climbing, hiking, and...
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Accounting
Please show all work please
Olivia s Outdoor Essentials produces gear for climbing, hiking, and camping. Last month, Olivia reported the following:
| Beginning Work in Process Inventory: | $20,000 |
| Ending Work in Process Inventory: | $25,000 |
| Beginning Finished Goods Inventory: | $15,000 |
| Ending Finished Goods Inventory: | $13,000 |
| Direct Labor: | $60,000 |
| Direct Materials Used: | $50,000 |
| Indirect Materials Used: | $8,000 |
| Office Building Rent: | $10,000 |
| Total Manufacturing Overhead: | $30,000 |
What was the Cost of Goods Manufactured for the period?
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