Answer:
See below
Explanation:
Ethtridge manufacturing company
Statement of cost of goods manufactured for the month ended, July 31
Work in process July 1
$316,400
Add: Cost of direct materials used in production
$1,150,000
Direct labor
$966,000
Total factory overhead
$490,500
Total manufacturing cost incurred
$2,606,500
Total manufacturing costs
$2,922,900
Less: Work in process July 31
($355,500)
Cost of goods manufactured
$2,567,400
