The following information is available for Boston Manufacturing for 2018:
Direct Materials Used $10,500
Direct Labor 16,000
Manufacturing Overhead 24,000
Work in Process Inventory, January 1, 2018 8,000
Work in Process Inventory, December 31, 2018 9,500
Finished Goods Inventory, January 1, 2018 18,600
Finished Goods Inventory, December 31, 2018 17,200
Sales 85,000
- The total cost of goods manufactured for the year ended December 31, 2018 is:
- The total cost of goods sold for the year ended December 31, 2018 is:
- The total gross profit on sales for the year ended December 31, 2018 is:
- If sales total $280,000 and the cost of goods sold is $182,000, the gross profit percentage is: