Information for Maxim Manufacturing Is Presented Below

question 12

Essay

Information for Maxim Manufacturing is presented below. Compute both the cost of goods manufactured and the cost of goods sold for Maxim Manufacturing.
$$\begin{array} { l | l } \text { Beginning raw materials inventory } & \$ 36,800 \\\hline \text { Beginning work in process inventory } & 21,200 \\\hline \text { Direct labor } & 81,000 \\\hline \text { Beginning finished goods inventory } & 64,000 \\\hline \text { Total factory overhead } & 126,000 \\\hline \text { Raw materials purchased } & 21,500 \\\hline \text { Ending raw materials inventory } & 40,000 \\\hline \text { Ending work in process inventory } & 20,000 \\\hline \text { Ending finished goods inventory } & 46,000\end{array}$$

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Definitions:

Medication

Substances used to diagnose, treat, cure, or prevent disease, primarily by pharmacological or therapeutic effects.

Community Mental Health Act

A 1963 law in the United States that aimed to provide federal funding for community mental health centers and research into mental illness.

Treated

Managed or addressed through medical care, therapy, medication, or other interventions to alleviate symptoms or cure the condition.

Community

Community refers to a group of people living in the same place or having a particular characteristic in common, often sharing similar values, interests, or cultures.