At May 31, 2022, the accounts of Blossom Company show the following. 1. 2 3. 4. May 1 inventories-finished goods $12,830, work in process $14.950, and raw materials $8,320. May 31 inventories-finished goods $9,690, work in process $16,240, and raw materials $7.220. Debit postings to work in process were direct materials $63,670, direct labor $51,000, and manufacturing overhead applied $40.800. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $219,300.
At May 31, 2022, the accounts of Blossom Company show the following. 1. 2 3. 4. May 1 inventories-finished goods $12,830, work in process $14.950, and raw materials $8,320. May 31 inventories-finished goods $9,690, work in process $16,240, and raw materials $7.220. Debit postings to work in process were direct materials $63,670, direct labor $51,000, and manufacturing overhead applied $40.800. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $219,300.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![At May 31, 2022, the accounts of Blossom Company show the following.
May 1 inventories-finished goods $12,830, work in process $14.950, and raw materials $8,320.
May 31 inventories-finished goods $9,690, work in process $16,240, and raw materials $7.220.
Debit postings to work in process were direct materials $63,670, direct labor $51,000, and manufacturing overhead applied
$40.800. (Assume that overhead applied was equal to overhead incurred.)
Sales revenue totaled $219,300.
1.
2
3.
4.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fef15f7a6-25d7-40a2-9077-df75f7df378b%2F7c7c280e-453d-45df-94c5-8c0a24c5ab72%2Fqqqk3k7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At May 31, 2022, the accounts of Blossom Company show the following.
May 1 inventories-finished goods $12,830, work in process $14.950, and raw materials $8,320.
May 31 inventories-finished goods $9,690, work in process $16,240, and raw materials $7.220.
Debit postings to work in process were direct materials $63,670, direct labor $51,000, and manufacturing overhead applied
$40.800. (Assume that overhead applied was equal to overhead incurred.)
Sales revenue totaled $219,300.
1.
2
3.
4.
![Prepare a condensed cost of goods manufactured schedule for May 2022.
BLOSSOM COMPANY
Cost of Goods Manufactured Schedule](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fef15f7a6-25d7-40a2-9077-df75f7df378b%2F7c7c280e-453d-45df-94c5-8c0a24c5ab72%2F44b0lr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Prepare a condensed cost of goods manufactured schedule for May 2022.
BLOSSOM COMPANY
Cost of Goods Manufactured Schedule
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