What is the cost of goods manufactured, Cost Accounting

Assignment Help:

information for the year ended December 31, 2010:
Direct labor $16,840
Direct material used 16,300
General and administrative expenses 14,240
Indirect production costs 16,780
Selling expenses 13,599
Work in process inventory, January 1, 2010 0
Work in process inventory, December 31, 2010 0 Finished goods inventory, January 1, 2010 0
Finished goods inventory, December 31, 2010 ?
Cost of goods sold 42,720
Requirements:
A) What is the Cost of Goods Manufactured for the year ended December 31, 2010?
B) What is Finished Goods Inventory at December 31, 2010?


Related Discussions:- What is the cost of goods manufactured

Prepare the amortization schedule, Logan Corporation issued $800,000 of 8% ...

Logan Corporation issued $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to y

Single entry and incompelet records, draw up statements of affairs to show ...

draw up statements of affairs to show the profit or loss for the year

Manufacturing a/c, value of which items are required to be put in a simple...

value of which items are required to be put in a simple format of manufacturing a/c.

Role of cost accounting in organization, Role of Cost Accounting in Organiz...

Role of Cost Accounting in Organization Like part of their jobs, such cost accountants interpret results, and then report them to management and give analysis such assist deci

Process costing, Process Costing It is a costing method, which is appl...

Process Costing It is a costing method, which is applied wherever there are standard operations along with continuous production of homogeneous as identical units. Consequentl

Component of fixed overheads variance, Component of Fixed Overheads Var...

Component of Fixed Overheads Variance Fixed Overhead Expenditure Variance The fixed overhead expenditure variance is the dissimilarity between the actual fixed expend

Determine growth rate, (a)  The value of a share of Rio National Equity on...

(a)  The value of a share of Rio National Equity on 31 December 2002, using the Gordon growth model and the capital asset pricing model, can be determined as follows. Required

Cost-plus pricing, Computation of mark up and Target selling price in cost-...

Computation of mark up and Target selling price in cost-minus pricin

Profit analysis and cost volume or cvp analysis, Profit Analysis and Cost V...

Profit Analysis and Cost Volume or CVP Analysis CVP Analysis checks the relationship between profit, activity level and the cost. CVP Analysis assists in a broad range of p

Purpose of cost accounting information, Purpose of Cost Accounting Informat...

Purpose of Cost Accounting Information Cost accounting is employed for a number of reasons, some of that are briefly described in the given points as: a) Accounting for co

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd