Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May. Inventories were as follows: Raw materials beginning $14,000; raw materials ending $10,000 Work-in-process beginning $24,000; work-in-process ending $36,000 Finished goods beginning $10,000; finished goods ending $25,000 Required: Calculate the cost of goods manufactured for May for Bryant Company.

Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May. Inventories were as follows: Raw materials beginning $14,000; raw materials ending $10,000 Work-in-process beginning $24,000; work-in-process ending $36,000 Finished goods beginning $10,000; finished goods ending $25,000 Required: Calculate the cost of goods manufactured for May for Bryant Company.

Name: Bryant Company incurred costs of $50,000 for direct materials (raw) p
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Description: Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct laborwas $60,000 and factory overhead was $35,000 for May.Inventories were as follows:Raw materials beginning $14,000; raw materials ending $10,000Work-in-process

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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