A manufacturing company reports the following for the period:

 

Inventories Beginning Ending

Raw materials $ $18,120$ $ $12,100$

Work in process $9,50011,300$

Finished goods $12,5608,730$

Activities for the period

Raw materials purchases $ $8,200$

Direct materials used $14,220$

Direct labor used $9,300$

Overhead applied $11,140$

Sales $40,400$

$$ 

 

Prepare a schedule of cost of goods manufactured.

Compute gross profit.

Answer rating: 100% (QA)

To prepare a schedule of cost of goods manufactured we need to calculate the total manufacturing cos... View the full answer