Question: 1) Using the account balance listed below, prepare a schedule of cost of goods manufactured for Christie Manufacturing Company for the month ended December 31,

 1) Using the account balance listed below, prepare a schedule of
cost of goods manufactured for Christie Manufacturing Company for the month ended

1) Using the account balance listed below, prepare a schedule of cost of goods manufactured for Christie Manufacturing Company for the month ended December 31, 2020. Christie Manufacturing Company Cost of Goods Manufactured Schedule Finish Goods Inventory, December 1 Total Factory Overhead Applied to jobs Income Tax Expense Raw Materials Inventory, December 31 Work-In-Process Inventory, December 31 Sales Salaries Expense Finished Goods Inventory, December 31 Raw Materials Purchases Work-In-Process Inventory, December 31 Direct Labor Raw Materials Inventory, December 1 Sales Returns and Allowances Account Balances $42,000 46,000 24,000 16,000 28,000 9,000 48,000 67,000 22,000 50,000 20,000 8,000 Part I: Using the account balance listed below, prepare a schedule of cost of goods manufactured for Christie Manufacturing Company for the month ended December 31, 2020. Christie Manufacturing Company Cost of Goods Manufactured Schedule For the month ended December 21, 2020 Account Balances Finish Goods Inventory, December 1 $42,000 Total Factory Overhead Applied to jobs 46,000 Income Tax Expense 24,000 Raw Materials Inventory, December 31 16,000 Work-In-Process Inventory, December 1 28,000 Sales Salaries Expense 9,000 Finished Goods Inventory, December 31 48,000 Raw Materials Purchases 67,000 Work-In-Process Inventory, December 31 22,000 Direct Labor 50,000 Raw Materials Inventory, December 1 20,000 8,000 Sales Returns and Allowances

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!