Davidson Company has the following information for August:Ĭost of direct materials used in production $ 60, 000 Direct labor 90, 000 Factory overhead 44, 000 Work in process inventory, August 1 20, 000 Work in process inventory, August 31 16, 000 Finished goods inventory, August 1 36, 000 Finished goods inventory, August 31 20, 000 \begin20,000Ĭost of direct materials used in production Direct labor Factory overhead Work in process inventory, August 1 Work in process inventory, August 31 Finished goods inventory, August 1 Finished goods inventory, August 31 $60, 000 90, 000 44, 000 20, 000 16, 000 36, 000 20, 000 įor August, determine (a) the cost of goods manufactured and (b) the cost of goods sold.
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