Solution-Calculate cost of goods manufactured

Calculate cost of goods manufactured

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Reference no: EM132474242

Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4.

Beginning raw materials inventory	$ 987,400
Raw materials purchased (net)	2,565,500
Ending raw materials inventory	845,200
Direct labor costs	365,300
Indirect materials	143,500
Indirect labor	89,800
Factory utilities and maintenance	476,000
Factory depreciation	58,700
Other factory related overhead	27,800
Beginning work in process	786,000
Ending work in process	725,000

Question (a) Calculate cost of goods manufactured.

Question (b) If Ashley's cost of goods sold for the month was $4,250,000, how much was the increase or decrease in finished goods inventory for the month of September?

Reference no: EM132474242

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Calculate cost of goods manufactured

Reference no: EM132474242

Reference no: EM132474242

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