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A manufacturing company reports the following for the period: Inventories Raw materials. Work in process Finished goods Beginning $ 19,320 10,700 13,760 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Ending $ 13,300 12,500 9,930 $ 9,400 15,420 10,500 12,340 45,200 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit.

A manufacturing company reports the following for the period: Inventories Raw materials. Work in process Finished goods Beginning $ 19,320 10,700 13,760 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Ending $ 13,300 12,500 9,930 $ 9,400 15,420 10,500 12,340 45,200 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit.

FINANCIAL ACCOUNTING
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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oints eBook Print References A manufacturing company reports the following for the period: Beginning $ 19,320 Inventories Raw materials Work in process Finished goods Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Required 1 Required 2 10,700 13,760 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit. Compute gross profit. Complete this question by entering your answers in the tabs below. Gross profit $ Ending $ 13,300 12,500 9,930 $ 9,400 15,420 10,500 12,340 45,200 1,800
Transcribed Image Text:oints eBook Print References A manufacturing company reports the following for the period: Beginning $ 19,320 Inventories Raw materials Work in process Finished goods Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Required 1 Required 2 10,700 13,760 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit. Compute gross profit. Complete this question by entering your answers in the tabs below. Gross profit $ Ending $ 13,300 12,500 9,930 $ 9,400 15,420 10,500 12,340 45,200 1,800
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