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Michael's Manufacturing, Inc. has the following i...

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Michael's Manufacturing, Inc. has the following information available for the month of July: Raw materials inventory Work-in-process inventory Finished goods inventory Beginning $50,000 80,000 24,000 Ending $62,000 55,000 35,000 Raw materials purchased $120,000 Direct labor costs 60,000 Overhead costs 45,000 1. Compute the amount of raw materials used for the month of July. Show work here: Answer:------ . Compute the amount of cost of goods manufactured for July. Show work here: Answer:----- 3. Compute the cost of goods sold for July. Show work here: Answer _

 

Paper#7748 | Written in 18-Jul-2015

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