Inventory Raw materials Work in process Finished goods Beginning Ending $9,600 $14,080 7,400 5,200 mpany reveals the 9,600 8,800 ving ing cost data for the ded June 50, Costs incurred: raw materials purchases $56,400, direct labor $48,400, manufacturing overhead $21,680. The specific overhead costs were: indirect labor $5,600, factory insurance $4,400, machinery depreciation $4,400, machinery repairs $2,040, factory utilities $3,680, and miscellaneous factory costs $1,560. (Assume that all raw materials used were direct materials.)
Inventory Raw materials Work in process Finished goods Beginning Ending $9,600 $14,080 7,400 5,200 mpany reveals the 9,600 8,800 ving ing cost data for the ded June 50, Costs incurred: raw materials purchases $56,400, direct labor $48,400, manufacturing overhead $21,680. The specific overhead costs were: indirect labor $5,600, factory insurance $4,400, machinery depreciation $4,400, machinery repairs $2,040, factory utilities $3,680, and miscellaneous factory costs $1,560. (Assume that all raw materials used were direct materials.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:alysis
Inventory
Raw materials
Work in process
Finished goods
(a)
Beginning Ending
$9,600 $14,080
5,200
<spur Company reveals the following manufacturing cost data for the month ended June 30
9,600
7,400
8,800
Costs incurred: raw materials purchases $56,400, direct labor $48,400, manufacturing overhead $21,680. The specific overhead costs
were: indirect labor $5,600, factory insurance $4,400, machinery depreciation $4,400, machinery repairs $2,040, factory utilities
$3,680, and miscellaneous factory costs $1,560. (Assume that all raw materials used were direct materials.)
Prepare the cost of goods manufactured schedule for the month ended June 30, 2022.
>
LARKSPUR COMPANY
Cost of Goods Manufactured Schedule
+A
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