A manufacturing company reports the following for the period: Beginning $ 19,120 Inventories Raw materials Work...
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A manufacturing company reports the following for the period: Beginning $ 19,120 Inventories Raw materials Work in process Finished goods 10,500 13,560 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Ending $ 13,100 12,300 9,730 $ 9,200 15,220 10,300 12,140 44,400 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit. A manufacturing company reports the following for the period: Beginning $ 19,120 Inventories Raw materials Work in process Finished goods 10,500 13,560 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Ending $ 13,100 12,300 9,730 $ 9,200 15,220 10,300 12,140 44,400 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit.
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1 Schedule of Cost of goods manufactured Amount Direct materials Used 14120 Direct labor used 920... View the full answer
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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