Ebony Company has the following information for July:

  

Cost of gods sold, Cost of goods manufactured

Ebony Company has the following information for July:

  

Cost of direct materials used in production

67200

 

Direct labor

88000

 

Factory ovehead

44800

 

Work in process inventory, July 1

32800

 

Work in process inventory, July 31

29600

 

Finished goods inventory, July 1

37600

 

Finished goods inventory, July 31

27200

a. For July, determine the cost of goods manufactured.

Using the data given, prepared a statement of cost of goods Manufactured.

b. For July, determine the cost of goods sold.

Using the data given, prepare a statement of cost of goods sold.