Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

Exercise 2

Prepare Statements for a Manufacturing Company
The following balances are from the accounts of MacBeth Manufacturing:

Direct materials used during the year amount to $46,000, and the cost of goods sold for the year was $53,000.
Required
Find the following by completing a cost of goods sold statement:
a. Cost of direct materials purchased during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during the year.