Tsali Company has the following information for February:
|
Cost of direct materials used in production |
$18,000 |
|
Direct labor |
54,000 |
|
Factory overhead |
36,000 |
|
Work in process inventory, February 1 |
50,000 |
|
Work in process inventory, February 28 |
57,000 |
|
Finished goods inventory, February 1 |
22,000 |
|
Finished goods inventory, February 28 |
26,000 |
For February, determine (a) the cost of goods manufactured and (b) the cost of goods sold.