Name:

Section:

Noeled Products Company

Cost of Goods Sold Statement
For the month ended, January 31, 20xx

Direct materials used

Purchases 50,000.00
Less: Materials, ending
Direct labor
Factory overhead
Total manufacturing costs/Cost of goods manufactured
Less: Finished goods, ending
Cost of goods manufactured and sold - normal
Add: Underapplied factory overhead
Cost of goods sold - Actual

*Under/Overapplied factory overhead - compare control vs. applied

40,000.00 2 points
2 points
2 points
77,000.00
2 points
61,600.00
2 points
5 points