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What is Cost of Goods Manufactured 2017 Summary about?

The schedule shows the costs of goods manufactured for the year ended December 31, 2017. It details that the total manufacturing costs were $55,800, including $11,800 for direct materials used in production, $26,000 for direct labor, and $18,000 for manufacturing overhead. The cost of goods manufactured for the year was $53,700 after accounting for beginning and ending work in process inventory. The cost of goods sold for the year was $54,400 after also considering beginning and ending finished goods invent

Author

GolamMostafa

Language

EN