Cost of Goods Manufactured Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $116,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Work-in-Process Inventory $12,200 $14,200 Beginning Ending Required: Inventory $4,000 $3,900 Direct materials $53,000 19,000 240,000 1. Prepare a statement of cost of goods manufactured Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year

Cost of Goods Manufactured Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $116,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Work-in-Process Inventory $12,200 $14,200 Beginning Ending Required: Inventory $4,000 $3,900 Direct materials $53,000 19,000 240,000 1. Prepare a statement of cost of goods manufactured Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year

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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