Using the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing
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Finished Goods Inventory, December 31 $42,000
Factory Supervisor Salaries 12,000
Income Tax Expense 18,000
Raw Materials Inventory, December 1 12,000
Work-in-Process Inventory, December 31 25,000
Sales Salaries Expense 14,000
Factory Depreciation Expense 8,000
Finished goods inventory, December 1 35,000
Raw material purchases 85,000
Work-in-process inventory, December 1 20,000
Factory utility expenses 6,000
Direct labor 70,000
Inventory of raw materials, December 31 19,000
Sales returns and discounts 5,000
Indirect labor 21,000
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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