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The following information pertains to the Hewett Corporation. Calculate the cost of goods sold
for the period:
Anserws are: $247,700, $251,700, $259,700, $243,700, $291,700
Beginning Direct Materials $ 31,700
Ending Direct Materials 71,700
Beginning Goods in Process Inventory 41,700
Ending Goods in Process Inventory 47,700
Beginning Finished Goods Inventory 73,700
Ending Finished Goods Inventory 69,700
Cost of Goods Manufactured for the period 247,700
Solution
cost of goods sold = cost of goods manufactured for the period + beginning finished goods -
ending finished goods
= 247700+73700-69700 = $251700

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The following information pertains to the Hewett Corporation- Calculat.docx

  • 1. The following information pertains to the Hewett Corporation. Calculate the cost of goods sold for the period: Anserws are: $247,700, $251,700, $259,700, $243,700, $291,700 Beginning Direct Materials $ 31,700 Ending Direct Materials 71,700 Beginning Goods in Process Inventory 41,700 Ending Goods in Process Inventory 47,700 Beginning Finished Goods Inventory 73,700 Ending Finished Goods Inventory 69,700 Cost of Goods Manufactured for the period 247,700 Solution cost of goods sold = cost of goods manufactured for the period + beginning finished goods - ending finished goods = 247700+73700-69700 = $251700