Smith Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018:...
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Smith Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: (Click the icon to view account balances.) (Click the icon to view other information.) Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Smith manufactured 2,170 lamps for the year? Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses $ 13,000 156,000 30,000 44,000 14,000 32,000 123,000 56,000 i Data Table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending 53,000 $ 28,000 104,000 63,000 48,000 53,000 $ X Smith Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: (Click the icon to view account balances.) (Click the icon to view other information.) Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Smith manufactured 2,170 lamps for the year? Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses $ 13,000 156,000 30,000 44,000 14,000 32,000 123,000 56,000 i Data Table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending 53,000 $ 28,000 104,000 63,000 48,000 53,000 $ X
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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