b. For April, determine the cost of goods sold.Using the data given, prepare a statement of Cost of Goods Sold.Glenville CompanyStatement of Cost of GoodsSoldCost of goods sold Cost of Goods Sold, Cost of Goods ManufacturedGlenville Company has the following information for April:Cost of direct materials used in productionDirect laborFactory overheadWork in process inventory, April 1Work in process inventory, April 30Finished goods inventory, April 1Finished goods inventory, April 30Total manufacturing costs incurred in AprilTotal manufacturing costs$36,00044,000a. For April, determine the cost of goods manufactured.Using the data given, prepare a statement of Cost of Goods Manufactured.Glenville CompanyStatement of Cost of Goods ManufacturedCost of goods manufactured27,00028,00027,00032,00020,00010000

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Glenville Company has the following information for April: Cost of direct materials used in production $36,000 Direct labor 44,000 Factory overhead 27,000 Work in process inventory, April 1 28,000 Work in process inventory, April 30 27,000 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

Glenville Company has the following information for April: Cost of direct materials used in production $36,000 Direct labor 44,000 Factory overhead 27,000 Work in process inventory, April 1 28,000 Work in process inventory, April 30 27,000 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

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 2E: Using the following information, prepare the Cost of Goods Sold section of an income statement.

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