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Category > Accounting Posted 24 Aug 2017 My Price 9.00

Sterling Company

Sterling Company manufactures laundry detergent. At the beginning of February, the following information was supplied by its accountant:

Raw materials inventory $73,000 Work-in-process inventory 80,400 Finished goods inventory   62,000

During February, direct labor cost was $210,400, raw materials’ purchases were

$301,800, and the total overhead cost was $478,590. The inventories at the end of February were

 

Raw materials inventory

$ 56,000

Work-in-process  inventory

103,000

Finished goods inventory

95,240

 

Required

1.    Prepare a statement of cost of goods manufactured for February.

2.    Prepare a statement of cost of goods sold for February.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 10:08 PM My Price 9.00

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