To calculate cost of goods manufactured you need to:Subtract ending work-in-process from total work-in-process.add ending work-in-process from total…
1.To calculate cost of goods manufactured you need to:-
a.Subtract ending work-in-process from total work-in-process.
b.add ending work-in-process from total work-in-process.
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Order Paper Nowc.multiply ending work-in-process with total work-in-process.
d.divide ending work-in-process into total work-in-process.
2.Which schedule and/or financial statement would direct labor be reported?
a.Cost of Goods Manufactured Schedule.
b.Cost of Goods sold Schedule.
c.Balance Sheet.
d.Income Statement.