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Data Section: Depreciation--equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 Answer Section: $45,000 642,000 91,500 93,000 76,410 132,000 172,500 37,500 26,250 645,180 30,300 28,665 Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31

Data Section: Depreciation--equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 Answer Section: $45,000 642,000 91,500 93,000 76,410 132,000 172,500 37,500 26,250 645,180 30,300 28,665 Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31

FINANCIAL ACCOUNTING
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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Work in process, 1/1 Direct materials Direct materials inventory, 1/1 Add: Purchases of Materials. Cost of direct materials available Less: Direct Material, 12/31 Cost of direct materials used Direct labor Manufacturing overhead: Factory rent Depreciation Equipment Indirect Labor Indirect Material Total manufacturing costs incurred Total manufacturing costs Less: Work in Process, 12/31 Cost of goods manufactured Finished Goods, 1/1 Cost of goods available for sale Less: Finished goods, 12/31 Cost of Goods Sold 91,500 FORMULA1 $0 FORMULA2 $76,410 FORMULA4 FORMULAS FORMULA6 FORMULA3 642,000 0 30,300 FORMULA7 $0 FORMULAS FORMULA9 FORMULA10 FORMULA11 172,500 FORMULA12 ===
Transcribed Image Text:Work in process, 1/1 Direct materials Direct materials inventory, 1/1 Add: Purchases of Materials. Cost of direct materials available Less: Direct Material, 12/31 Cost of direct materials used Direct labor Manufacturing overhead: Factory rent Depreciation Equipment Indirect Labor Indirect Material Total manufacturing costs incurred Total manufacturing costs Less: Work in Process, 12/31 Cost of goods manufactured Finished Goods, 1/1 Cost of goods available for sale Less: Finished goods, 12/31 Cost of Goods Sold 91,500 FORMULA1 $0 FORMULA2 $76,410 FORMULA4 FORMULAS FORMULA6 FORMULA3 642,000 0 30,300 FORMULA7 $0 FORMULAS FORMULA9 FORMULA10 FORMULA11 172,500 FORMULA12 ===
Data Section: Depreciation--equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 Answer Section: $45,000 642,000 91,500 93,000 76,410 132,000 172,500 37,500 26,250 645,180 30,300 28,665 Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31
Transcribed Image Text:Data Section: Depreciation--equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 Answer Section: $45,000 642,000 91,500 93,000 76,410 132,000 172,500 37,500 26,250 645,180 30,300 28,665 Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31
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