Use the following information to compute the cost of goods manufactured. Assume all raw materials used were
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Question:
Use the following information to compute the cost of goods manufactured.
Assume all raw materials used were direct materials.
Beginning raw materials inventory $ 6,500
Ending raw materials inventory 5,000
Direct labor 13,250
Raw material purchases 8,400
Depreciation on factory equipment 7,500
Factory repairs and maintenance 4,300
Beginning finished goods inventory 11,200
Ending finished goods inventory 9,900
Beginning work in process inventory 6,700
Ending work in process inventory 7,300
Related Book For
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
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