oter 3) Saved Required information [The following information applies to the questions displayed below.] Selected data concerning the past year's operations of the Ozarks Manufacturing Company are as follows: Raw material Work in process Finished goods Inventories Beginning $ 61,000 80,000 90,000 Ending $ 81,000 30,000 110,000 Other data: Direct material used Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied at a rate of 60% of direct-labor cost) Cost of goods available. for sale Selling and administrative expenses $334,000 686, 000 826, 000 31,000 4. What was the cost of goods sold during the year? Cost of goods sold < Prev 14 of 17 Next >
oter 3) Saved Required information [The following information applies to the questions displayed below.] Selected data concerning the past year's operations of the Ozarks Manufacturing Company are as follows: Raw material Work in process Finished goods Inventories Beginning $ 61,000 80,000 90,000 Ending $ 81,000 30,000 110,000 Other data: Direct material used Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied at a rate of 60% of direct-labor cost) Cost of goods available. for sale Selling and administrative expenses $334,000 686, 000 826, 000 31,000 4. What was the cost of goods sold during the year? Cost of goods sold < Prev 14 of 17 Next >
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 18E: For E2-17, prepare any journal entries that would have been different if the only trigger points had...
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