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

Question:

Lompac Products manufactures a variety of products in its factory. Data for the most recent month’s operations follow:

Beginning raw materials inventory.................................$170,000
Purchases of raw materials................................................870,000
Ending raw materials inventory.........................................150,000
Direct labour.........................................................................245,000
Manufacturing overhead.....................................................560,000
Beginning work-in-process inventory................................210,000
Ending work-in-process inventory.....................................340,000


Required:

Prepare in good form a schedule of cost of goods manufactured for the company for the month.

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Related Book For  answer-question

Introduction to Managerial Accounting

ISBN: 978-1259105708

5th Canadian edition

Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

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