(a) Prepare a condensed cost of goods manufactured schedule for May 2022. < < > ORIOLE COMPANY Cost of Goods Manufactured Schedule $ $
(a) Prepare a condensed cost of goods manufactured schedule for May 2022. < < > ORIOLE COMPANY Cost of Goods Manufactured Schedule $ $
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter20: Accounting For Inventory
Section: Chapter Questions
Problem 3AP
Related questions
Question
List of accounts
Accounts Payable
Accounts Receivable
Accumulated Depreciation -Buildings
Accumulated Depreciation-Equipment
Cash
Cost of Completed Service Contracts
Cost of Goods Sold
Depreciation Expense
Employer Fringe Benefits Payable
Employer Payroll Taxes Payable
Factory Labor
Factory Wages Payable
Finished Goods Inventory
Manufacturing Overhead
Operating Overhead
Prepaid Property Taxes
Raw Materials Inventory
Salaries and Wages Payable
Sales Revenue
Service Contracts in Process
Service Salaries and Wages
Supplies
Utilities Payable
Work in Process Inventory
![Prepare an income statement for May 2022 through gross profit.
(c)
eTextbook and Media
List of Accounts
Save for Later
V
v
v
3
V
V
M
ORIOLE COMPANY
(Partial) Income Statement
Prepare the balance sheet section of the manufacturing inventories at May 31, 2022.
ORIOLECOMPANY
(Partial) Balance sheet
Attempts: 0 of 2 used
Submit Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffaa03fab-f285-443e-95a5-3f4098efa8b2%2F15819d0c-fb57-4f96-9d5f-d93c6b745ef6%2Fgh4rgb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Prepare an income statement for May 2022 through gross profit.
(c)
eTextbook and Media
List of Accounts
Save for Later
V
v
v
3
V
V
M
ORIOLE COMPANY
(Partial) Income Statement
Prepare the balance sheet section of the manufacturing inventories at May 31, 2022.
ORIOLECOMPANY
(Partial) Balance sheet
Attempts: 0 of 2 used
Submit Answer
![At May 31, 2022, the accounts of Oriole Company show the following.
1.
2.
3.
4.
ress
(a)
May 1 inventories-finished goods $11,080, work in process $12.920, and raw materials $7,200.
May 31 inventories-finished goods $8,360, work in process $14,000, and raw materials $6.240.
Debit postings to work in process were direct materials $54,920, direct labor $44,000, and manufacturing overhead applied
$35,200. (Assume that overhead applied was equal to overhead incurred.)
Sales revenue totaled $189,200.
Prepare a condensed cost of goods manufactured schedule for May 2022.
e Textbook and Media
S
>
ORIOLE COMPANY
Cost of Goods Manufactured Schedule
$
$
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffaa03fab-f285-443e-95a5-3f4098efa8b2%2F15819d0c-fb57-4f96-9d5f-d93c6b745ef6%2Fu68n6l5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At May 31, 2022, the accounts of Oriole Company show the following.
1.
2.
3.
4.
ress
(a)
May 1 inventories-finished goods $11,080, work in process $12.920, and raw materials $7,200.
May 31 inventories-finished goods $8,360, work in process $14,000, and raw materials $6.240.
Debit postings to work in process were direct materials $54,920, direct labor $44,000, and manufacturing overhead applied
$35,200. (Assume that overhead applied was equal to overhead incurred.)
Sales revenue totaled $189,200.
Prepare a condensed cost of goods manufactured schedule for May 2022.
e Textbook and Media
S
>
ORIOLE COMPANY
Cost of Goods Manufactured Schedule
$
$
$
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