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a) The following information is available for Cullumber Company. (Assume all raw materials used were direct materials.) Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales Compute cost of goods manufactured. Cost of goods manufactured $ January 1, 2022 $27,560 A 19,610 31,800 2022 $180,200 243,800 190,800 848,000 December 31, 2022 $31,800 23,480 22,260

a) The following information is available for Cullumber Company. (Assume all raw materials used were direct materials.) Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales Compute cost of goods manufactured. Cost of goods manufactured $ January 1, 2022 $27,560 A 19,610 31,800 2022 $180,200 243,800 190,800 848,000 December 31, 2022 $31,800 23,480 22,260

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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a) The following information is available for Cullumber Company. (Assume all raw materials used were direct materials.) Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales Compute cost of goods manufactured. Cost of goods manufactured $ January 1, 2022 $27,560 19,610 31,800 2022 $180,200 243,800 190,800 848,000 December 31, 2022 $31,800 23,480 22,260
Transcribed Image Text:a) The following information is available for Cullumber Company. (Assume all raw materials used were direct materials.) Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales Compute cost of goods manufactured. Cost of goods manufactured $ January 1, 2022 $27,560 19,610 31,800 2022 $180,200 243,800 190,800 848,000 December 31, 2022 $31,800 23,480 22,260
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