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Cost of Goods Sold, Cost of Goods Manufactured
Clementine Company has the following information for December:
| Cost of direct materials used in production | $ | 61,000 |
| Direct labor | | 70,000 |
| Factory overhead | | 36,000 |
| Work in process inventory, December 1 | | 52,000 |
| Work in process inventory, December 31 | | 53,000 |
| Finished goods inventory, December 1 | | 23,000 |
| Finished goods inventory, December 31 | | 14,000 |
a. For December, determine the cost of goods manufactured. $fill in the blank 1
b. For December, determine the cost of goods sold.
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