Question: Use the Information below to calculate the missing amounts (shown by letters) in the T Goods M the Schedule of Cost of Goods Sold. Time

Use the Information below to calculate the missing amounts (shown by letters) in the T Goods M the Schedule of Cost of Goods Sold. Time left 0:53:39 Cratchit Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended January 31 WIP Inventory, beginning balance $ 302,000 Current period manufacturing costs: Direct materials 18,000 Direct labor A Manufacturing overhead 54,000 Total current period manufacturing costs B Total cost of work in process $526,000 WIP Inventory, ending balance C Cost of Goods Manufactured $512,000 Cratchit Manufacturing Company Schedule of Cost of Goods Sold Month Ended January 31 Finished Goods Inventory, beginning balance $ D Cost of Goods Manufactured E Cost of Goods Available for Sale $660,000 Finished Goods Inventory, ending balance F Cost of Goods Sold $459,300
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
