Aikman Corporation has the following cost records for June 2022: Indirect factory labour $4,600 Factory utilities $600 Direct materials used 26,000 Depreciation, factory equipment 1,400 Work in process (6/1/22) 3,400 Direct labour 30,000 Work in process (6/30/22) 3,000 Maintenance, factory equipment 2,000 Finished goods (6/1/22) 5,300 Indirect materials 2,300 Finished goods (6/30/22) 9,000 Factory manager's salary 3,350 (a) Prepare a cost of goods manufactured schedule for June 2022.
Aikman Corporation has the following cost records for June 2022: Indirect factory labour $4,600 Factory utilities $600 Direct materials used 26,000 Depreciation, factory equipment 1,400 Work in process (6/1/22) 3,400 Direct labour 30,000 Work in process (6/30/22) 3,000 Maintenance, factory equipment 2,000 Finished goods (6/1/22) 5,300 Indirect materials 2,300 Finished goods (6/30/22) 9,000 Factory manager's salary 3,350 (a) Prepare a cost of goods manufactured schedule for June 2022.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question
Don't use Ai and chatgpt.
Answer in step by step with explanation.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education