Consider the following data: Cost of goods sold Direct labor Direct materials used Cost of goods...
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Consider the following data: Cost of goods sold Direct labor Direct materials used Cost of goods manufactured Work in process ending Finished goods ending Actual overhead Sales S&A expenses OH applied at 150% of DM$. $700 $200 $150 $800 $100 $150 $225 $950 $100 Show all computations. a) Prepare a schedule of COGM using OH applied. b) Prepare a schedule of COGS. c) Prepare an Income Statement. Consider the following data: Cost of goods sold Direct labor Direct materials used Cost of goods manufactured Work in process ending Finished goods ending Actual overhead Sales S&A expenses OH applied at 150% of DM$. $700 $200 $150 $800 $100 $150 $225 $950 $100 Show all computations. a) Prepare a schedule of COGM using OH applied. b) Prepare a schedule of COGS. c) Prepare an Income Statement.
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