Cost data for Bedford Manufacturing Company for the month ending May 31, 2012, are as follows: a.
Question:
Cost data for Bedford Manufacturing Company for the month ending May 31, 2012, are as follows:
a. Prepare a cost of goods manufactured statement for May 2012.b. Determine the cost of goods sold for May 2012.
Transcribed Image Text:
Inventories Materials May 1 $168,000 May 31 $139,000 Work in process 240,000 260,000 Finished goods 182,000 214,200 Direct labor $475,000 Materials purchased during May 302,000 Factory overhead incurred during May: Indirect labor 57,200 Machinery depreciation 36,000 Heat, light, and power Supplies 13,000 10,000 Property taxes 9,800 Miscellaneous cost 18,200
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a b Finished goods inventory May 1 2012 182000 Cost of goods manufactured 930200 Cost of finished ...View the full answer
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Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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