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The following information is available for Sunland Company.
January 1, 2020 2020 December 31, 2020
Raw materials
inventory $22,250 $32,860
Work in process
inventory 15,470 18,560
Finished goods
inventory 30,780 21,290
Materials
purchased $154,500
Direct labor 225,290
Manufacturing
overhead 183,120
Sales revenue 902,310
Compute cost of goods manufactured.

Respuesta :

Tundexi

Answer:

                                     Sunland Company

                        Cost of goods manufactured Schedule

                                           For the year ended

Work in progress                                                      15,470

Direct Materials

Raw material                                       22,250

Add: Raw material purchased           154,500

Total raw material available for use  176,750

Less: Raw material inventory             32,850

Direct material used                                               143,890

Direct labor                                                             225,290

Manufacturing overhead                                        183,120

Total manufacturing costs                                                        552,300

Total cost of work in progress                                                  567,770

Less: Work in process inventory                                                18,560

Cost of goods manufactured                                                    549,210

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