Cost of gods sold, Cost of goods manufactured Ebony Company has the following information for July: Cost of direct materials used in production 67200 Direct labor 88000 Factory ovehead 44800 Work in p
Cost of gods sold, Cost of goods manufactured
Ebony Company has the following information for July:
| Cost of direct materials used in production | 67200 |
| Direct labor | 88000 |
| Factory ovehead | 44800 |
| Work in process inventory, July 1 | 32800 |
| Work in process inventory, July 31 | 29600 |
| Finished goods inventory, July 1 | 37600 |
| Finished goods inventory, July 31 | 27200 |
For July, determine the cost of goods manufactured.
Using the data given, prepared a statement of cost of goods Manufactured.
For July, determine the cost of goods sold.
Using the data given, prepare a statement of cost of goods sold.
