Question: Assume that the $ 3 5 , 0 0 0 ending balance in Work in Process includes $ 8 , 3 0 0 of direct
Assume that the $ ending balance in Work in Process includes $ of direct materials. Given this assumption, supply the information missing below:
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Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials.
Gitano Products
tableGitano Products,,Schedule of Cost of Goods Manufactured,,Direct materials:,,,Total raw materials available,,,Direct materials used in production,,,Total manufacturing costs added to production,,,Total manufacturing costs to account for,,,Cost of goods manufactured,,,
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