Question

I need to know how to get "cost of goods sold" I dont need the answer, I just need to know how to do it. Thank you

Data
Selling price per unit	$50
Manufacturing costs:
Variable per unit produced:
Direct materials	$11
Direct labor	$6
Variable manufacturing overhead	$3
Fixed manufacturing overhead per year	$120,000
Selling and administrative expenses:
Variable per unit sold	$4
Fixed per year	$70,000
	Year 1	Year 2
Units in beginning inventory	0	2,000
Units produced during the year	10,000	6,000
Units sold during the year	8,000	8,000
Enter a formula into each of the cells marked with a ? below
Review Problem 1: Contrasting Variable and Absorption Costing
Compute the Ending Inventory
	Year 1	Year 2
Units in beginning inventory	0	2,000
Units produced during the year	10,000	6,000
Units sold during the year	8,000	8,000
Units in ending inventory	2,000	0
Compute the Absorption Costing Unit Product Cost
	Year 1	Year 2
Direct materials	$11	$11
Direct labor	6	6
Variable manufacturing overhead	3	3
Fixed manufacturing overhead	12	20
Absorption costing unit product cost	$32	$40
Construct the Absorption Costing Income Statement
	Year 1	Year 2
Sales	$ 400,000	$ 400,000
Cost of goods sold	?	?
Gross margin	#VALUE!	#VALUE!
Selling and administrative expenses	102,000	102,000
Net operating income	#VALUE!	#VALUE!

Answer 1

Computation of Cost of Goods Produced
	Year-1	Year-2
Unit Sold
Direct Material	$11.00	$11.00
Direct Labour	$6.00	$6.00
Variable Manufacturing Overhead	$3.00	$3.00
Fixed Manufaturing Overhead (120000/10000), (120000/6000)	$12.00	$20.00
Cost of Goods Produced	$32.00	$40.00
Computatop of Cost of Good Sold
	Year-1	Year-2
Beginign Inventory		$64,000.00
Cost of Goods Produced	$320,000.00	$240,000.00
	(10000*32)	(6000*40)
Cost of Goods Available	$320,000.00	$304,000.00
Less: Ending Inventory	$64,000.00
	(2000*32)
Cost of Goods Sold	$256,000.00	$304,000.00