Reference no: EM132819170
Question - Compute the Cost of Goods Sold for 2018 using the following information:
Direct Materials, Jan. 1, 2018 $43,000
Work-in-Process, Dec. 31, 2018 67,500
Direct Labor 51,500
Finished Goods, Dec. 31, 2018 111,000
Finished Goods, Jan. 1, 2018 137,000
Manufacturing Overhead 72,500
Direct Materials, Dec. 31, 2018 49,000
Work-in Process, Jan. 1, 2018 93,000
Purchases of Direct Material 81,000
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