Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: a. Prepare
Question:
Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows:
a. Prepare a cost of goods manufactured statement for March.
b. Determine the cost of goods sold for March.
Transcribed Image Text:
Inventories Materials Work in process Finished goods March 1 $240,000 428,700 582,100 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs March 31 $195,200 510,400 614,400 $3,200,000 2,673,500 320,000 213,000 174,000 36,100 30,000 48,200
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a b Finished goods inventory March 1 582100 Cost of goods manufactured 6657900 Cost of finis...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
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