Reference no: EM132035979

Question - XYZ Manufacturing had the following data for the period just ended:

Work in process, Jan 1 - $22,000

Work in process, Dec. 31 - 39,000

Finished goods, Jan. 1 - 72,000

Finished goods, Dec 31 - 62,000

Direct materials used - 124,000

Direct labor - 250,000

Factory depreciation - 79,000

Sales - 940,00

Advertising - 50,000

Factory utilities - 25,000

Indirect materials - 20,000

Indirect labor - 36,000

Required:

A. Calculate XYZ cost of goods sold.

B. Calculate XYZ cost of goods manufactured.