McGown Corp. has the following information: Beginning inventory (1/1) Final inventory (12/31) raw materials inventory ps 20,000
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Question:
McGown Corp. has the following information:
Beginning inventory (1/1) | Final inventory (12/31) | |||||
raw materials inventory | ps | 20,000 | ps | 30,000 | ||
inventory in progress | ps | 15,000 | ps | 18,000 | ||
Finished Goods Inventory | ps | 30,000 | ps | 20,000 | ||
Additional information for the year is as follows:
raw material purchases | ps | 100,000 |
Direct labour | ps | 75,000 |
Manufacturing overhead applied | ps | 80.000 |
indirect materials | ps | 0 |
Calculate the cost of manufactured goods.
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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