Solution-What was cost of goods sold for the year

What was cost of goods sold for the year

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Reference no: EM131694109

Question - X Company began operations in 2016. It manufactured a single product and sold 8,000 units for $180 each. The following information is for 2016:

Units produced 9,200

Direct materials purchased $513,228

Direct materials used $502,228

Direct labor costs $238,188

Overhead costs $117,852

Selling and admin costs $138,092

There was no beginning balance in any inventory account. There was no closing balance in the Work in Process inventory account. What was Cost of Goods Sold for the year?

Reference no: EM131694109

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What was cost of goods sold for the year

Reference no: EM131694109

Reference no: EM131694109

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