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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