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Beginning Inventory $74,323 Work in Process Inventory Purchases $253,210 Beginning inventory Materials used in production Materials available for use ? Direct labor Ending inventory Materials used in production 125,900 94,425 Overhead applied 78,413 Manufacturing costs incurred Ending inventory 242,932 Cost of goods manufactured Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured ? $333,149 309,016 Goods available for sale ? Ending inventory Cost of goods sold 354,235 287,930

Beginning Inventory $74,323 Work in Process Inventory Purchases $253,210 Beginning inventory Materials used in production Materials available for use ? Direct labor Ending inventory Materials used in production 125,900 94,425 Overhead applied 78,413 Manufacturing costs incurred Ending inventory 242,932 Cost of goods manufactured Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured ? $333,149 309,016 Goods available for sale ? Ending inventory Cost of goods sold 354,235 287,930

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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Complete the information in the cost computations shown here:

Beginning Inventory $74,323 Work in Process Inventory Purchases $253,210 Beginning inventory Materials used in production Materials available for use ? Direct labor Ending inventory Materials used in production 125,900 94,425 ? Overhead applied 78,413 Manufacturing costs incurred Ending inventory Cost of goods manufactured 242,932 Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured ? $333,149 309,016 Goods available for sale Ending inventory 354,235 Cost of goods sold 287,930
Transcribed Image Text:Beginning Inventory $74,323 Work in Process Inventory Purchases $253,210 Beginning inventory Materials used in production Materials available for use ? Direct labor Ending inventory Materials used in production 125,900 94,425 ? Overhead applied 78,413 Manufacturing costs incurred Ending inventory Cost of goods manufactured 242,932 Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured ? $333,149 309,016 Goods available for sale Ending inventory 354,235 Cost of goods sold 287,930
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