Cost of goods sold, cost of goods manufacturingTimbuk 3 Company has the following information for March:a. For March, determine the cost of goods manufacturing.Using the data given, prepare a statement of cost of goods manufacturing.b. For March, determine the cost of goods sold.Using the data given, prepare a statement of cost of goods sold. Cost of direct materials used in production21000Direct labor54250Factory overhead35000Work in proicess inventory, March 187500Work in process inventory, march 3192750Finished goods inventory, March 136750Finished goods inventory, March 3142000
Cost of goods sold, cost of goods manufacturingTimbuk 3 Company has the following information for March:a. For March, determine the cost of goods manufacturing.Using the data given, prepare a statemen
Cost of goods sold, cost of goods manufacturing Timbuk 3 Company has the following information for March: Cost of direct materials used in production 21000 Direct labor 54250 Factory overhead 35000 Work in process inventory, March 1 87500 Work in process inventory, march 31 92750 Finished goods inventory, March 1 36750 Finished goods inventory, March 31 42000 For March, determine the cost of goods manufacturing. Using the data given, prepare a statement of cost of goods manufacturing. For March, determine the cost of goods sold. Using the data given, prepare a statement of cost of goods sold.
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