Question

Assume the following costs in each of the categories identified in question one are: Packaged (Cans & Bottles) $127,361 Kegs $69,856 Shrinkage/WIP Loss $42,000 Contract Labor $9,000 Direct Labor $240,000 Freight $18,000 Consumer Advertising $30,000 Trade Promotion $30,000 Sales Promotion $18,000 Salaries & Benefits $180,000 What is Shannon's cost of goods sold?

Answer 1

Answer:

Explanation:

Computation of Cost of Goods Sold:    

Particular                                   Amount

Packaged (Cans & Bottles)      $127,361

Kegs                                          $69,856

Work In Progress Loss             $42,000

Contract Labor                         $9,000

Direct Labor                             $240,000

Freight                                      $18,000    

Cost of Goods Sold                 $506,217

Note: All of these are not included in Cost of good sold

Consumer Advertising   $30,000

Trade Promotion            $30,000

Sales Promotion            $18,000

Salaries & Benefits         $180,000