Kincaid Casting Works provides you with the following information from the companys monthly budgets for May and
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Fill in the missing information, computing the value of each?.
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May June Begining work-in-process inveatory$180,000 Ending work-in-process inventory Direct mateials usage Direct labor Variable overhead Variable cost of goods manufactured $545,000 Beginning finished good inventory Ending finished goods inventory Variable cost of goods sold S250,000 S280,000 S265,500 S345,000 S125.000 $145.000 $574,000 $220,000 ? $225,000 S615,000
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We know that the COGM is the outflow from the WIP inventory account Direct materials direct labor an...View the full answer
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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