Brigette & Company had the following beginning and ending inventories for the year 2000: Ending $104,000 57,200 54,000 Raw materials Work in process. Finished goods....... During 2000, the following costs were incurred: Purchase of raw materials.. Direct labour.. Manufacturing overhead... Beginning $80,000 40,000 30,000 $520,000 400,000 840,000 Instructions: Prepare a statement of cost of goods manufactured.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PROBLEM 1
Brigette & Company had the following beginning and ending inventories for the year 2000:
Ending
$104,000
57,200
54,000
Raw materials
Work in process.
Finished goods...
During 2000, the following costs were incurred:
Purchase of raw materials.
Direct labour.....
Manufacturing overhead...
*********
Beginning
$80,000
40,000
30,000
$520,000
400,000
840,000
Instructions:
Prepare a statement of cost of goods manufactured.
Transcribed Image Text:PROBLEM 1 Brigette & Company had the following beginning and ending inventories for the year 2000: Ending $104,000 57,200 54,000 Raw materials Work in process. Finished goods... During 2000, the following costs were incurred: Purchase of raw materials. Direct labour..... Manufacturing overhead... ********* Beginning $80,000 40,000 30,000 $520,000 400,000 840,000 Instructions: Prepare a statement of cost of goods manufactured.
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