Need Homework Help

Need help with calcuating cost of goods sold.  Please provide answer and show working.

Thanks

  

2t1U13

Q nnt/.o^ ‘- /+

Cosl of goods manufactured and cost of goods sold computatiat
[The tollo$ng infonnelian epplies to f,e guesfons diqpr€ yed bebw.]

Using tire following data,

Beginning linished goods im€ntory
Beginning goods in process im€ntory
Eeginning raw materials in€ntory
Rental cost on hctory equipment
Direct labor
Ending fnished goods in\entory
Ending goods in process in\€ntory
Ending raw materials invgntory
Factory utilities
Factory supplies usod
General and dministratiE expenses
lndirect labor
Repairs-Factory 6qui prrEnt
Raw nralerials purchases
Sales salades

refgences

Cosl ofgoods sold
Canyon Company Rossings Company
s$

Canyon
Company
s 18,000

19,000
11,400
27,000
18,0@
21,000
24,000

8,1 00
10,000
10,600
22,OW
3,250
6,780

32,000
44,000

Rossings
Company
$20,soo

18,500
10,000
24,0m
31,000
18,000
13,000
12,1ffi
14,000
7,1m

50,000
9,660
3,5m

53,000
33,000

1.

2.

Cornpute ttle co,st of goods manubctured for both Canym Cofipany and Rmsings Company. (Omit th6
“S” sign in your response.)

Canyon Company Rossings Company
Cost ofgoods manufactured $ $

Cofipute cost of goods sold for both Canyon Company and Rossings Company- (Omit the “S” sign in
your response.)

O201 t the Hecr.w+lill Companlcs. All righB rolorycd.