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Sagot :
Answer:
$1,800,000
Explanation:
Calculation for what Sheridan Company's cost of goods manufactured for the year is
First step is to calculate Direct material used
Direct material used = 300,000 + 950,000 - 480,000
Direct material used= 770,000
Now let calculate cost of goods manufactured for the year using this formula
Cost of Goods Manufactured for the year= Direct Material Used + Direct Labor + Manufacturing Overhead + Opening Work - Closing Work
Cost of Goods Manufactured for the year= 770,000 + 850,000 + 820,000 + 1,080,000 - 900,000
Cost of Goods Manufactured for the year= $1,800,000
Therefore Sheridan Company's cost of goods manufactured for the year is $1,800,000
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