2023 Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4 | Assignments Online
2023 Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4 | Assignments Online
Assignments Online 2023 Business Finance
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Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4. |
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Beginning raw materials inventory |
$ 9,66,400 |
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Raw materials purchased (net) |
23,45,500 |
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Ending raw materials inventory |
8,18,200 |
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Direct labor costs |
3,22,300 |
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Indirect materials |
1,25,500 |
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Indirect labor |
88,900 |
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Factory utilities and maintenance |
4,56,000 |
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Factory depreciation |
56,600 |
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Other factory related overhead |
24,400 |
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Beginning work in process |
7,77,000 |
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Ending work in process |
7,17,000 |
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Arrange the cost data into a statement of cost of goods manufactured. |
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If Ashley’s cost of goods sold for the month was $4,000,000, how much was the increase or decrease in finished goods inventory for the month of September? |
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