First, compute cost of goods manufactured Schedule of Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct...

 

Transcribed Image Text:

First, compute cost of goods manufactured Schedule of Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used Beginning Direct Materials 24000 Purchases of Direct Materials 79000 Direct Materials Available for Use 103000 Ending Direct Materials 28000 Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured 88000 40000 - X Other Information 39000 Other information: Purchases of direct materials $ 79,000 Direct labor Manufacturing overhead 88,000 40,000 Print Done 34000 Account Blances Balances: Direct Materials Beginning Ending S 24,000 $ 28.000 Work-in-Process Inventory 39,000 34,000 Finished Goods Inventory 18.000 29,000 Print Done First, compute cost of goods manufactured Schedule of Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used Beginning Direct Materials 24000 Purchases of Direct Materials 79000 Direct Materials Available for Use 103000 Ending Direct Materials 28000 Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured 88000 40000 - X Other Information 39000 Other information: Purchases of direct materials $ 79,000 Direct labor Manufacturing overhead 88,000 40,000 Print Done 34000 Account Blances Balances: Direct Materials Beginning Ending S 24,000 $ 28.000 Work-in-Process Inventory 39,000 34,000 Finished Goods Inventory 18.000 29,000 Print Done

Answer rating: 100% (QA)

ANSWER To compute the Cost of Goods Manufactured we need to use the given information and the schedu... View the full answer