Delora Corporation provides the following information for 2017 ?(Click the icon

ID: 2413128 • Letter: D

Question

Delora Corporation provides the following information for 2017 ?(Click the icon to view the information for 2017) Calculate (a) Cost of goods manufactured in 2017 and (b) Cost of goods sold in 2017. Data Table Calculate (a) Cost of goods manufactured in 2017 Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 S 14,000 S 165,000 13,000 17,000 8,000 Total manufacturing costs to account for Cost of goods manufactured in 2017 Calculate (b) Cost of goods sold in 2017 Print Done Less: Cost of goods sold in 2017

Explanation / Answer

Answers

Beginning Work in Process inventory

$ 14,000.00

Add: Total manufacturing cost incurred in 2017

$ 1,65,000.00

Total manufacturing cost to be accounted for

$ 1,79,000.00

Less: Ending Work in process inventory

$ 13,000.00

Cost of Goods manufactured in 2017

$ 1,66,000.00

Beginning inventory of finished goods

$ 17,000.00

Cost of Goods manufactured in 2017

$ 1,66,000.00

Less: Ending inventory of finished goods

$ 18,000.00

Cost of Goods sold in 2017

$ 1,65,000.00