Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers. During the month of March, the company
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Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers. During the month of March, the company purchased $350,000 of materials. Also during the month of March, Morning Smiles incurred direct labor cost of $74,000 and manufacturing overhead of $190,000. Inventory information is as follows:
March 1 March 31
Materials.................$25,000....................$40,000
Work in process..........55,000.....................46,500
Required:
1. Calculate the cost of goods manufactured for the month of March.
2. Calculate the cost of one coffee maker assuming that 8,100 coffee makers were completed during March.
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Related Book For
Managerial Accounting The Cornerstone of Business Decision Making
ISBN: 978-1337115773
7th edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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