Knight, Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2012: Requirements
Question:
Requirements
1. Prepare a schedule of cost of goods manufactured.
2. What is the unit product cost if Knight manufactured 2,160 lamps for theyear?
Transcribed Image Text:
Ending $ 23,000 63,000 48,000 Inventorics: Materials Work in proccss Finished goods Beginning $ 56,000 103,000 Other information: Depreciation: plant building and cquipment Materials purchascs Insurance on plant Sales salaries expense 16,000 Repairs and maintenance-plant $ 8,000 32,000 122,000 59,000 $ 159,000 Indircct labor 22,000 Dircct labor 46,000 Administrative expenses
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Req 1 Knight Corp Schedule of Cost of Goods Manufactured Year Ended December 31 ...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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