Question

SCHEDULE OF COST OF GOODS MANUFACTURED Prepare a schedule of cost of goods manufactured for Verdi Company for the year ended June 30, 20-2. Assume that all materials inventory items are direct materials. Information to prepare the schedule is as follows:
Work in process, July 1, 20-1 .......$ 20,760
Materials inventory, July 1, 20-1 ........12,348
Materials purchases ...........154,008
Direct labor ...............330,576
Actual factory overhead ..........201,384
Work in process, June 30, 20-2 .......17,940
Materials inventory, June 30, 20-2 .....15,180



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  • CreatedDecember 20, 2011
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