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

Step-by-step 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