Calculate total manufacturing cost for the year


Inventory balances for other financial data for et products are as follows:


Inventories December 31,2010 December 31,2011
Direct Materials 3,000 2,400
WIP 3,500 2,000
Finished Goods 10,000 5,000

Other Data:
Direct Materials purchased on credit 6,000
Direct Labor 5,000
Overhead 7,000
Selling Costs 2,000
General and Administrative Costs 5,000
Sales 50,000

Calculate Total Manufacturing Cost for the year

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Calculate total manufacturing cost for the year
Reference No:- TGS071983

Expected delivery within 24 Hours