Complete the information in the cost computations shown here: Raw materials   Beginning inventory $341 Purchases 1,535 Materials available for use 1,876 Ending inventory 323 Materials used in production 1,553   Work in process inventory   Beginning inventory $931 Materials used in production fill in the blank 3 Direct labor 1,534 Overhead applied fill in the blank 4 Manufacturing costs incurred $22,426 Ending inventory 933 Cost of goods manufactured 21,493   Finished goods inventory   Beginning inventory $fill in the blank 6 Cost of goods manufactured fill in the blank 7 Goods available for sale $24,990 Ending inventory fill in the blank 8 Cost of goods sold $21,774 My answer in bold

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Complete the information in the cost computations shown here:

Raw materials  
Beginning inventory $341
Purchases 1,535
Materials available for use 1,876
Ending inventory 323
Materials used in production 1,553

 

Work in process inventory  
Beginning inventory $931
Materials used in production fill in the blank 3
Direct labor 1,534
Overhead applied fill in the blank 4
Manufacturing costs incurred $22,426
Ending inventory 933
Cost of goods manufactured 21,493

 

Finished goods inventory  
Beginning inventory $fill in the blank 6
Cost of goods manufactured fill in the blank 7
Goods available for sale $24,990
Ending inventory fill in the blank 8
Cost of goods sold $21,774

My answer in bold

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