{"id":90181,"date":"2022-08-23T16:36:23","date_gmt":"2022-08-23T16:36:23","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/timbuk-3-company-has-the-following-information-for-march\/"},"modified":"2022-08-23T16:36:23","modified_gmt":"2022-08-23T16:36:23","slug":"timbuk-3-company-has-the-following-information-for-march","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/timbuk-3-company-has-the-following-information-for-march\/","title":{"rendered":"Timbuk 3 company has the following information for march:"},"content":{"rendered":"<div>\n<p>\u00a0\u00a0<\/p>\n<p><strong>Cost of goods sold, cost of goods manufactured<\/strong><\/p>\n<p><strong>Timbuk 3 Company has the following information for March:<\/strong><\/p>\n<p>\u00a0\u00a0<\/p>\n<p><strong>Cost of direct materials used in production<\/strong><\/p>\n<p><strong>21000<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><strong>Direct labor<\/strong><\/p>\n<p><strong>54250<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><strong>Factory overhead\u00a0<\/strong><\/p>\n<p><strong>35000<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><strong>Work in process inventory, March 1<\/strong><\/p>\n<p><strong>87500<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><strong>Work in process inventory, March 31<\/strong><\/p>\n<p><strong>92750<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><strong>Finished goods inventory, March 1<\/strong><\/p>\n<p><strong>36750<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><strong>Finished goods inventory, March 31<\/strong><\/p>\n<p><strong>42000<\/strong><\/p>\n<p><strong>a.<\/strong> <strong>For March, determine the cost of goods manufactured.<\/strong><\/p>\n<p><strong>Using the dada given, prepare a statement of cost of goods manufactured.<\/strong><\/p>\n<p><strong>b.<\/strong> <strong>For March, determine the cost of goods sold.<\/strong><\/p>\n<p><strong>Using the data given, prepare a statement of cost of goods sold.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0 Cost of goods sold, cost of goods manufactured Timbuk 3 Company has the following information for March: \u00a0\u00a0 Cost of direct materials used in production 21000 \u00a0 Direct labor 54250 \u00a0 Factory overhead\u00a0 35000 \u00a0 Work in process inventory, March 1 87500 \u00a0 Work in process inventory, March 31 92750 \u00a0 Finished goods inventory, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-90181","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/90181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=90181"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/90181\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=90181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=90181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=90181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}