Lompac Products manufactures a variety of products in its factory. Data for the most recent months operations

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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 …………….       $ 60, 000

                        Purchases of raw materials …………………..…..        $360,000

                        Ending raw materials inventory ………………...        $ 45,000

                        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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Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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