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What is Columbus Company COGS and Income Statement about?

The Columbus Company cost of goods sold statement for October shows that $29,800 was spent on direct materials and $18,600 on direct labor for a total manufacturing cost of $75,850. After adding $4,070 in work in process from October 1st and subtracting $4,440 in work in process from October 31st, the cost of goods manufactured was $75,480. Adding the $9,800 in finished goods from October 1st and subtracting the $9,250 in finished goods on October 31st, the total cost of goods sold for the month was $76,030

Author

rama

Language

EN