The following information was extracted from Manuco.'s financial documents. Beginning raw materials inventory $44,000 Ending raw...
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The following information was extracted from Manuco.'s financial documents. Beginning raw materials inventory $44,000 Ending raw materials inventory $15,000 Beginning work-in-process inventory $22,000 Ending work-in-process inventory $69,000 Beginning finished goods inventory $32,000 Ending finished goods inventory $63,000 Raw materials purchased during the period $82,000 Total direct labor cost during the period $78,000 Total factory overhead cost during the period $10,000 Assuming that all raw materials are direct materials, calculate the cost of raw materials requisitioned, cost of goods manufactured, and cost of sold based on the provided information. Required Cost of raw materials requisitioned: $ Cost of goods manufactured: $ The following information was extracted from Manuco.'s financial documents. Beginning raw materials inventory $44,000 Ending raw materials inventory $15,000 Beginning work-in-process inventory $22,000 Ending work-in-process inventory $69,000 Beginning finished goods inventory $32,000 Ending finished goods inventory $63,000 Raw materials purchased during the period $82,000 Total direct labor cost during the period $78,000 Total factory overhead cost during the period $10,000 Assuming that all raw materials are direct materials, calculate the cost of raw materials requisitioned, cost of goods manufactured, and cost of sold based on the provided information. Required Cost of raw materials requisitioned: $ Cost of goods manufactured: $
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To calculate the cost of raw materials requisitioned we need to determine the change in raw material... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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