Sterling Company manufactures laundry detergent. At the beginning of February, the following…


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Sterling Company manufactures laundry detergent. At the beginning of February, the following… 1 answer below » Sterling Company manufactures laundry detergent. At the beginning of February, the following information was supplied by its accountant: Raw materials inventory $73,000 Work-in-process inventory 80,400 Finished goods inventory   62,000 During February, direct labor cost was $210,400, raw materials’ purchases were $301,800, and the total overhead cost was $478,590. The inventories at the end of February were View complete question » Raw materials inventory $ 56,000 Work-in-process  inventory 103,000 Finished goods inventory Sterling Company manufactures laundry detergent. At the beginning of February, the following information was supplied by its accountant: Raw materials inventory $73,000 Work-in-process inventory 80,400 Finished goods inventory   62,000 During February, direct labor cost was $210,400, raw materials’ purchases were $301,800, and the total overhead cost was $478,590. The inventories at the end of February were Raw materials inventory $ 56,000 Work-in-process  inventory 103,000 Finished goods inventory 95,240 Required 1.    Prepare a statement of cost of goods manufactured for February. 2.    Prepare a statement of cost of goods sold for February. View less » Jan 06 2016 01:06 PM

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