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