Bravo Company manufactures quality gentlemen's clothing. The following selected financial information for the fiscal year 2016 is
Fantastic news! We've Found the answer you've been seeking!
Question:
Bravo Company manufactures quality gentlemen's clothing. The following selected financial information for the fiscal year 2016 is provided:
Item | Amount |
Sales | $100,000 |
Cost of Goods Manufactured | 75,000 |
Direct Material Purchased | 30,000 |
Factory Overhead | 10,000 |
Work in Process - January 1 | 30,000 |
Work in Process - December 31 | 15,000 |
Direct Material - December 31 | 10,000 |
Finished Goods Inventory - December 31 | 60,000 |
Net Income | 15,000 |
Direct Materials used | 30,000 |
Cost of Goods Sold | 55,000 |
Use this information to prepare a detailed Schedule of Costs of Goods Manufactured for FY 2016: (Round dollar values & enter as whole dollars only.)
Related Book For
Posted Date: