Company began operations in 2016 It manufactured a single product and sold 8,000 units for $160 each
Company began operations in 2016 It manufactured a single product and sold 8,000 units for $160 each The following information is for 2016:
Units produced9,200Direct materials purchased$524,348Direct materials used$505,448Direct labor costs$235,428Overhead costs$118,956Selling and admin costs$146,004
There was no beginning balance in any inventory account There was no closing balance in the Work in Process inventory account What was Cost of Goods Sold for the year?