Vega Foods, Inc., has provided the following data for the month of March: Ending Inventories Raw...

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Vega Foods, Inc., has provided the following data for the month of March: Ending Inventories Raw Materials Beginning 18000 30000 Work in Progress 16500 18000 Finished Goods 36000 32500 Additional Information: 71000 Raw Materials Purchased Direct Labor 83000 Manufacturing overhead cost incurred 74000 Indirect material included in Manufacturing overhead 5000 Manufacturing overhead cost applied to WIP 71000 Sales 875000 Selling Expense 173000 Administrative Expense 153000 Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold and income statement. Vega Foods, Inc., has provided the following data for the month of March: Ending Inventories Raw Materials Beginning 18000 30000 Work in Progress 16500 18000 Finished Goods 36000 32500 Additional Information: 71000 Raw Materials Purchased Direct Labor 83000 Manufacturing overhead cost incurred 74000 Indirect material included in Manufacturing overhead 5000 Manufacturing overhead cost applied to WIP 71000 Sales 875000 Selling Expense 173000 Administrative Expense 153000 Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold and income statement.

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Schedule of cost of goods manufactured Particulars Amount Beginning Raw material in... View the full answer