Cost of gods sold, Cost of goods manufactured Ebony Company has the following information for July: Cost of direct materials used in production 67200 Direct labor 88000 Factory ovehead 44800 Work in p
a. For July, mention the absorb of consequence assumed.
Statement of Absorb of Consequence Manufactured
Working course inventroy, July 1 32800
Cost of plain materials used in production67200
Total manufacturing absorbs incurred during July 200000
Total manufacturing absorbs 232800
Less toil in course catalogue, July 31 -29600
Cost of consequence assumed 203200
b. For July, mention the absorb of consequence sold.
Statement of Absorb of Consequence Sold
Finished consequence catalogue, July 1 37600
Cost of consequence assumed203200
Cost of high consequence beneficial for sale240800
Less high consequence iventory, July 31-27200
Cost of consequence sold213600