ncrease in raw materials inventory Decrease in goods in process inventory Decrease in finished goods inventory Raw materials purchased Direct labor payroll Factory overhead Freight out Freight in 150,000 200,000 350,000 4,300,000 2,000,000 3,000,000 450,000 250,000

ncrease in raw materials inventory Decrease in goods in process inventory Decrease in finished goods inventory Raw materials purchased Direct labor payroll Factory overhead Freight out Freight in 150,000 200,000 350,000 4,300,000 2,000,000 3,000,000 450,000 250,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

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Question

What amount should be reported as cost of goods sold for the current year?

a. 9,950,000

b. 9,550,000

c. 9,250,000

d. 9,150,000

SWEET TOOTH Company provided the following information for the current year:
Increase in raw materials inventory
Decrease in goods in process inventory
Decrease in finished goods inventory
150,000
200,000
350,000
Raw materials purchased
Direct labor payroll
4,300,000
2,000,000
Factory overhead
Freight out
Freight in
3,000,000
450,000
250,000

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