The following balances are from the accounts of Todd Machining Company: January 1 (Beginning) Decemb

The following balances are from the accounts of Todd Machining Company:

January 1 (Beginning) December 31 (Ending)   Direct materials inventory $ 96,000 $ 118,000   Work-in-process inventory 116,000 112,000   Finished goods inventory 97,600 90,000

Direct materials purchased during the year amount to $598,000, and the manufacturing costs other than direct materials for the year were $1,584,800.

Required: Prepare a cost of goods sold statement.

Get Help from Experts

If you’re still asking yourself, “Who can help me write my paper from scratch", don’t hesitate to use us. Experienced writers will immediately write, proofread, or improve your academic paper. They can also help you choose a topic and edit your references into APA or MLA format. So, what are you waiting for?

Find your writer