Cullumber Corporation has the following information available about its July, $2022$ production:

Finished goods inventory on July $1,2022$ is $$27,160$ and on July $31,2022$ is $$24,770.$

$2$ Work in process inventory on July $1,2022$ is $$24,770$ and on July $31,2022$ is $$23,090.$

$3.$ Raw materials inventory on July $1,2022$ is $$10,560$ and on July $31,2022$ is $$7,960.$

Direct materials used in production in July were $$44,100.$ Direct labour incurred in production in July was $$29,800$ and

$4.$ manufacturing overhead applied to production was $$41,000.$

$5.$ Net sales for July, $2022$ were $$157,900.$

Prepare a condensed cost of goods manufactured schedule for July $2022.$

Cullumber Corporation

Cost of Goods Manufactured

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Cost of goods manufactured can be computed as Beginnin... View the full answer