Given the following data: Cost of materials used
$45,000
Direct labor costs
48,000
Factory overhead
39,000
Work in process, beg.
28,000
Work in process, end.
18,000
Finished goods, beg.
28,000
Finished goods, end.
18,000
What is cost of goods sold?
A) $152,000
B) $142,000
C) $10,000
D) $128,000

Question

Quizplus · Accepted Answer

Cost of goods sold = Beginning work in process + Cost of materials used + Direct labor costs + Factory overhead - Ending work in process - Beginning finished goods + Ending finished goods= 28,000 + 45,000 + 48,000 + 39,000 - 18,000 - 28,000 + 18,000= 152,000

Given the Following Data: Cost of Materials Used