Prepare a condensed cost of goods manufactured schedule The following information is available for Sheridan Company at

Prepare a condensed cost of goods manufactured schedule

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The following information is available for Sheridan Company at December 31, 2022: 1. Inventory balance Beginning of Year End of Year Finished Goods $12,880 $9,200 Work in Process 5,520 11,040 Raw Materials 9,476 5,980 2. Debit postings to Work in Process Inventory during the year were: Direct materials $82,800 Direct labor 55,200 Manufacturing overhead applied 69,000 3. Sales totaled $285,200 for the year. The following information is available for Sheridan Company at December 31, 2022: 1. Inventory balance Beginning of Year End of Year Finished Goods $12,880 $9,200 Work in Process 5,520 11,040 Raw Materials 9,476 5,980 2. Debit postings to Work in Process Inventory during the year were: Direct materials $82,800 Direct labor 55,200 Manufacturing overhead applied 69,000 3. Sales totaled $285,200 for the year.

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