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Laramie Company_cost of goods sold

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10 points;Laramie Company has the following inventory balances, in dollars, for the current year;Beginning;Ending;Raw Materials;8,20,000;8,12,000;WIP;1,35,000;1,46,000;Finished Goods;4,91,000;5,16,000;Materials purchases were $2,544,000 and direct labor was $3,200,000. Overhead is applied at 60% of direct labor.;Required: Compute cost of goods sold for the year.

 

Paper#76141 | Written in 18-Jul-2015

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