Purple Bear, Inc. produces boat motors. Janice Smyth, the company's controller has provided you with the following information.

Beginning balance, Direct Materials Inventory	$80,300
Ending balance, Direct Materials Inventory	66,500
Beginning balance, Work in Process Inventory	126,500
Ending balance, Work in Process Inventory	140,300
Direct Labor	793,100
Manufacturing Overhead	354,600
Direct materials purchased	848,400

Using the above cost information, prepare a cost of goods manufactured schedule.

Answer rating: 100% (QA)

COST OF GOODS MANUFACTURED SCHEDULE Direct material Purchased ADDBeginning balance Direct Materia... View the full answer