Question
Required: 1. Prepare a schedule of cost of goods manufactured for the year 2021. 2- Prepare COGS schedule for the year 2021. Information about cost
Required:
1. Prepare a schedule of cost of goods manufactured for the year 2021.
2- Prepare COGS schedule for the year 2021.
Information about cost data for Liwa Manufacturing Company is shown below for the year 2021: Raw materials, 1/1/2021 WIP, 31/12/2021 Direct Labor Direct Materials Purchase Raw materials, 31/12/2021 Manufacturing overhead applied WIP, 1/1/2021 Finished Goods 1/1/2021 Finished Goods 31/12/2021 AED 25,000 20,000 211,000 235,000 18,000 190,000 35,000 16,000 22,000
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Income Tax Fundamentals 2013
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