18. Cha Company reported the following costs: Direct materials-beginning 130,000 Direct materials-ending 68,000 246,000 Finished goods-beginning Finished goods-ending Work-in-process-beginning Work-in-process-ending 204,000 168,000 144,000 Advertising costs Leasing costs-plant Depreciation-plant equip. Property taxes-plant Utilities-plant Utilities-administration Direct material purchases Indirect manufacturing labor Direct manufacturing labor Sales salaries Administration costs 48,000 $ 64,000 224,000 28,000 24,000 20,000 256,000 96,000 212,000 124,000 68,000 Using the data above, prepare Cha Company's Schedule of Cost of Goods Manufactured. Show your work for partial credit.

18. Cha Company reported the following costs: Direct materials-beginning 130,000 Direct materials-ending 68,000 246,000 Finished goods-beginning Finished goods-ending Work-in-process-beginning Work-in-process-ending 204,000 168,000 144,000 Advertising costs Leasing costs-plant Depreciation-plant equip. Property taxes-plant Utilities-plant Utilities-administration Direct material purchases Indirect manufacturing labor Direct manufacturing labor Sales salaries Administration costs 48,000 $ 64,000 224,000 28,000 24,000 20,000 256,000 96,000 212,000 124,000 68,000 Using the data above, prepare Cha Company's Schedule of Cost of Goods Manufactured. Show your work for partial credit.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

100%

18.
Cha Company reported the following costs:
Direct materials-beginning 130,000
Direct materials-ending
68,000
246,000
Finished goods-beginning
Finished goods-ending
Work-in-process-beginning
Work-in-process-ending
204,000
168,000
144,000
Advertising costs
Leasing costs-plant
Depreciation-plant equip.
Property taxes-plant
Utilities-plant
Utilities-administration
Direct material purchases
Indirect manufacturing labor
Direct manufacturing labor
Sales salaries
Administration costs
48,000
$ 64,000
224,000
28,000
24,000
20,000
256,000
96,000
212,000
124,000
68,000
Using the data above, prepare Cha Company's Schedule of Cost of Goods Manufactured. Show your
work for partial credit.

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