SCHEDULE OF COST OF GOODS MANUFACTURED Prepare a schedule of cost of goods manufactured for Tomas Company

Question:

SCHEDULE OF COST OF GOODS MANUFACTURED Prepare a schedule of cost of goods manufactured for Tomas Company for the year ended June 30, 20-2. Information to prepare the schedule is as follows:

Work in process, July 1, 20-1 ....$ 6,400

Materials inventory, July 1, 20-1 .....4,875

Materials purchases ........68,950

Direct labor .............140,300

Actual factory overhead .......85,225

Work in process, June 30, 20-2 ....7,700

Materials inventory, June 30, 20-2 .....6,950

Indirect materials charged to production..3,600

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

Question Posted: