Indirect factory labor Direct materials used has the following cost records for June 2025. Work in process, 6/1/25 Work in process, 6/30/25 Finished goods, 6/1/25 Finished goods, 6/30/25 $3,700 16,400 2,460 3,080 4,100 6,150 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials used Factory manager's salary $310 1,130 32,800 1,440 1,850 2,460

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
Larkspur Corporation has the following cost records for June 2025.
Indirect factory labor
Direct materials used
Work in process, 6/1/25
Work in process, 6/30/25
Finished goods, 6/1/25
Finished goods, 6/30/25
(a)
O
$3,700
16,400
2,460
3,080
Factory utilities
Depreciation, factory equipment
Your answer is partially correct.
Direct labor
Maintenance, factory equipment
4,100 Indirect materials used
6,150 Factory manager's salary
Prepare a cost of goods manufactured schedule for June 2025.
$310
1,130
32,800
1,440
1,850
2,460
Transcribed Image Text:Larkspur Corporation has the following cost records for June 2025. Indirect factory labor Direct materials used Work in process, 6/1/25 Work in process, 6/30/25 Finished goods, 6/1/25 Finished goods, 6/30/25 (a) O $3,700 16,400 2,460 3,080 Factory utilities Depreciation, factory equipment Your answer is partially correct. Direct labor Maintenance, factory equipment 4,100 Indirect materials used 6,150 Factory manager's salary Prepare a cost of goods manufactured schedule for June 2025. $310 1,130 32,800 1,440 1,850 2,460
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education