The Following Data Relates to the Density Company's First Operating

question 51

Essay

The following data relates to the Density Company's first operating period.Calculate cost of goods sold for each product.
$\begin{array}{cccccc}&&&&&\text {Overhead }\\&&&&&\text {Rate}\\&\text {Cost/Unit}&&&\text {Units}&\text {(Percent}\\&\text { Direct}&\text { Direct }&&\text {Ending }&\text {of Direct }\\\text { Product }&\text {Materials }&\text {Labor}&\text { Produced}&\text { Inventory}&\text { Labor Cost }\\\text { A } & \$ 10 & \$ 12 & 215 & 115 & 60 \% \\\text { B } & 8 & 15 & 330 & 180 & 40 \% \\\text { C } & 14 & 10 & 250 & 200 & 80 \%\end{array}$

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Definitions:

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