ACC 560 Week 3 Assignment 1 Activity-based Costing ( ABC ) in Service Industries ( 2 Papers )
Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000
During 2017 , Benson purchased $ 1,450,000 of raw materials , incurred direct labor costs of $ 250,000 , and incurred manufacturing overhead totaling $ 160,000 . Assume Benson ‘ s cost of goods manufactured for 2017 amounted to $ 1,660,000 . How much would it report as cost of goods sold for the year ?
Question 9
On the costs of goods manufactured schedule , the item raw materials inventory ( ending ) appears as a ( n )
Question 10
For a manufacturing firm , cost of goods available for sale is computed by adding the beginning finished goods inventory to
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ACC 560 Week 3 Assignment 1 Activity-based Costing ( ABC ) in Service Industries ( 2 Papers )
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