Information for Reedy Manufacturing Follows Calculate Both the Cost of Goods Manufactured and the Cost

question 47

Essay

Information for Reedy Manufacturing follows:
$\begin{array}{lr}\text { Beginning raw materials inventory } & \$ 46,800 \\\text { Beginning goods in process inventory } & 21,200 \\\text { Direct labor } & 81,000 \\\text { Beginning finished goods inventory } & 64,000 \\\text { Total factory overhead } & 106,000 \\\text { Raw materials purchased } & 21,500 \\\text { Ending raw materials inventory } & 40,000 \\\text { Ending goods in process inventory } & 20,000 \\\text { Ending finished goods inventory } & 46,000\end{array}$

Calculate both the cost of goods manufactured and the cost of goods sold for Reedy Manufacturing.

---

Definitions:

Activities

Tasks or actions undertaken by individuals, usually referring to events involving movement, creativity, or social interaction.

Sales Contest

A competitive event designed to motivate sales personnel to increase their sales performance over a certain period.

Short-term Incentive

A reward system designed to motivate employees over a brief period, often meant to boost immediate performance or achieve specific short-term objectives.

Package Surprise

An unexpected benefit or gift included with a purchase, often used as a marketing strategy to enhance customer satisfaction and loyalty.