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

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a. For July, mention the absorb of consequence assumed.

Ebony Company

Statement of Absorb of Consequence Manufactured

Working course inventroy, July 1 32800

Cost of plain materials used in production67200 

Direct labor88000 

Factory overhead44800 

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.

Ebony Company

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


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