Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct

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Cost Of Goods Sold Cost Of Goods Manufactured Glenville Company Has The Following Information For April Cost Of Direct 1 (170.77 KiB) Viewed 10 times

Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $49,000 Direct labor 59,000 Factory overhead 31,000 Work in process inventory, April 1 43,000 Work in process inventory, April 30 44,000 Finished goods inventory, April 1 21,000 Finished goods inventory, April 30 15,000 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Glenville Company Statement of Cost of Goods Manufactured Work in process inventory, April 1 Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in April Total manufacturing costs Work in process inventory, April 30 Cost of goods manufactured Finished goods inventory, April 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, April 30 49,000 b. For April, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold. Glenville Company Statement of Cost of Goods Sold Cost of goods sold 59,000 31,000 21,000 36,000 15,000 X X X $ 43,000 139,000 X X X