Lompac Products manufactures a variety of products in its factory. Data for the most recent month's...

 

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Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory S60,000 Purchases of raw materials S690,000 Ending raw materials inventory S45,000 Direct labor $135,000 Manufacturing overhead $370,000 Beginning work in process inventory $120,000 Ending work in process inventory $130,000 Required: Prepare a schedule of cost of goods manufactured for the company for the month. Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory S60,000 Purchases of raw materials S690,000 Ending raw materials inventory S45,000 Direct labor $135,000 Manufacturing overhead $370,000 Beginning work in process inventory $120,000 Ending work in process inventory $130,000 Required: Prepare a schedule of cost of goods manufactured for the company for the month.

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Computation of Cost of goods manufactured Beginning Raw material inventory 60000 Ad... View the full answer