Please do not give solution in image format thanku Irresistible Art produces collectible pieces of art. The company's Raw Material Inventory account includes the costs of both direct andindirect materials.Account balances for the company at the beginning and end of July follow:July 1July 31$167,760$125,280Raw Material InventoryWork in Process Inventory 263,520 216,000Finished Goods Inventory 129,600 188,640During the month, the company purchased $1,180,800 of raw material; direct material used during the period amounted to $907,200.Factory payroll costs for July were $1,418,400, of which 75 percent was related to direct labor. Overhead charges for depreciation,insurance, utilities, and maintenance totaled $1,080,000 for July.a. Prepare a schedule of cost of goods manufactured.Note: Do not use negatives signs with your answers.Irresistible ArtSchedule of Cost of Goods ManufacturedFor the Month Ended July 31Beginning WIP inventoryAnswerAnswerRaw material purchased AnswerRaw material available AnswerAnswerAnswerRaw material used. AnswerAnswerAnswerDirect material usedAnswerOverhead:VariousAnswerAnswerIndirect material AnswerAnswerAnswerTotal cost to account for Answer AnswerAnswerAnswerAnswerAnswerAnswerAnswerAnswerAnswerAnswerb. Prepare a schedule of cost of goods sold.Note: Do not use negative signs with your answers.Irresistible ArtSchedule of Cost of Goods SoldFor the Month Ended July 31Beginning FG inventoryAnswerGoods available for sale AnswerAnswerCost of goods sold AnswerAnswer

Name: Please do not give solution in image format thanku Irresistible Art pr
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku Irresistible Art produces collectible pieces of art. The company's Raw Material Inventory account includes the costs of both direct andindirect materials.Account balances for the company at the begin