Lang Products had the following beginning and ending inventory balances for April 2009. All raw materials are

Lang Products had the following beginning and ending inventory balances for April 2009.

ending inventory balances">

All raw materials are considered direct to the manufacturing process. During April, the company purchased $260,000of raw materials. Direct labor cost for the month was $342,000; workers are paid $9.50 per hour. Overhead is applied at the rate of $12.50 for each direct labor hour.
Required:
(a) Prepare the Schedule of Cost of Goods Manufactured.
(b) Calculate Cost of Goods Sold for April 2009.

Transcribed Image Text:

4/1/09 4/30/09 S18,000 $20,800 Work in Process Inventory 85,200 50,800 Finished Goods Inventory 43,200 14,700 Raw Material Inventory