Beginning of 2013 Prepare a schedule for the cost of goods manufactured for | 2013. Begin by preparing the schedule of cost of goods manufactured(in thousands). Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods End of 2013 manufactured. Direct materials inventory $27,000 s28,000 Work-in-process inventory 29,000 22.000 Finished goods inventory 16,000 25.000 Purchases of direct materials 73,000 Direct manufacturing labor 24,000 Indirect manufacturing labor 18.000 Plant insurance 6,000 Depreciationa€"plant, building, and equipment 17.000 Repairs and maintenances€"plant 2.000 111.000 Marketing, distribution, and customer-service costs General and administrative costs 36.000

Beginning of 2013 Prepare a schedule for the cost of goods manufactured for | 2013. Begin by preparing the schedule of cost of goods manufactured(in thousands). Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods End of 2013 manufactured. Direct materials inventory $27,000 s28,000 Work-in-process inventory 29,000 22.000 Finished goods inventory 16,000 25.000 Purchases of direct materials 73,000 Direct manufacturing labor 24,000 Indirect manufacturing labor 18.000 Plant insurance 6,000 Depreciationa€"plant, building, and equipment 17.000 Repairs and maintenances€"plant 2.000 111.000 Marketing, distribution, and customer-service costs General and administrative costs 36.000

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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