Cost of gods sold, Cost of goods manufactured Ebony Company has the following information for July: Cost of direct materials used in production 67200 Direct labor 88000 Factory ovehead 44800 Work in p

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Cost of gods sold, Cost of goods manufactured


Ebony Company has the following information for July:


Cost of direct materials used in production


67200


Direct labor


88000


Factory ovehead


44800


Work in process inventory, July 1


32800


Work in process inventory, July 31


29600


Finished goods inventory, July 1


37600


Finished goods inventory, July 31


27200


a.


For July, determine the cost of goods manufactured.


Using the data given, prepared a statement of cost of goods Manufactured.


b.


For July, determine the cost of goods sold.


Using the data given, prepare a statement of cost of goods sold.

Cost of gods sold, Cost of goods manufactured Ebony Company has the following information for July: Cost of direct materials used in production 67200 Direct labor 88000 Factory ovehead 44800 Work in p
Cost of gods sold, Cost of goods manufactured Ebony Company has the following information for July: Cost of direct materials used in production 67200 Direct labor 88000 Factory ovehead 44800 Work in process inventory, July 1 32800 Work in process inventory, July 31 29600 Finished goods inventory, July 1 37600 Finished goods inventory, July 31 27200 For July, determine the cost of goods manufactured. Using the data given, prepared a statement of cost of goods Manufactured. For July, determine the cost of goods sold. Using the data given, prepare a statement of cost of goods sold.

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