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Cost of Goods Sold, Cost of Goods Manufactured
Glenville Company has the following information for April:
| Cost of direct materials used in production | | $42,000 |
| Direct labor | | 48,000 |
| Factory overhead | | 27,000 |
| Work in process inventory, April 1 | | 36,000 |
| Work in process inventory, April 30 | | 29,000 |
| Finished goods inventory, April 1 | | 32,000 |
| Finished goods inventory, April 30 | | 20,000 |
a. For April, determine the cost of goods manufactured.
Using the data given, prepare a statement of Cost of Goods Manufactured.
| Glenville Company |
| Statement of Cost of Goods Manufactured |
| |
| | | $fill in the blank c446d405b014fad_2 |
| | $fill in the blank c446d405b014fad_4 | |
| | fill in the blank c446d405b014fad_6 | |
| | fill in the blank c446d405b014fad_8 | |
| Total manufacturing costs incurred in April | | fill in the blank c446d405b014fad_9 |
| Total manufacturing costs | | $fill in the blank c446d405b014fad_10 |
| | | fill in the blank c446d405b014fad_12 |
| Cost of goods manufactured | | $fill in the blank c446d405b014fad_13 |
| | | |
b. For April, determine the cost of goods sold.
Using the data given, prepare a statement of Cost of Goods Sold.
| Glenville Company |
| Statement of Cost of Goods Sold |
| |
| | $fill in the blank 6f7e2800f040fd5_2 |
| | fill in the blank 6f7e2800f040fd5_4 |
| | $fill in the blank 6f7e2800f040fd5_6 |
| | fill in the blank 6f7e2800f040fd5_8 |
| Cost of goods sold | $fill in the blank 6f7e2800f040fd5_9 |
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