Mannerman Fabrication manufactures a variety of products in its factory. Data for the most recent months operations

Question:

Mannerman Fabrication manufactures a variety of products in its factory. Data for the most recent month’s operations appear below:

Beginning raw materials inventory . . . . . . . . . . $ 55,000
Purchases of raw materials . . . . . . . . . . . . . . . . $440,000
Ending raw materials inventory . . . . . . . . . . . . . $ 65,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $215,000
Manufacturing overhead . . . . . . . . . . . . . . . . . . . $380,000
Beginning work in process inventory . . . . . . . . $190,000
Ending work in process inventory . . . . . . . . . . . $220,000

Required:
Prepare a schedule of cost of goods manufactured for the company for the month.

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Managerial Accounting

ISBN: 9780073526706

12th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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