Jse the following inventory data for Hooking Golf Company to compute the cost of goods manufactured for the year: =(Click the icon to view the inventory data.) Hooking Golf Company Data Table Schedule of Cost of Goods Manufactured Direct Materials Used 14,000 Manufacturing Overhead 20,000 Work-in-Process Inventory, Beginning Balance 3,000 Total Manufacturing Costs Incurred during the Year Work-in-Process Inventory, Ending Balance 1,000 Total Manufacturing Costs to Account For Direct Labor 8,000 Finished Goods Inventory, Beginning Balance 22,000 Finished Goods Inventory, Ending Balance 6,000 Cost of Goods Manufactured Print Done
Jse the following inventory data for Hooking Golf Company to compute the cost of goods manufactured for the year: =(Click the icon to view the inventory data.) Hooking Golf Company Data Table Schedule of Cost of Goods Manufactured Direct Materials Used 14,000 Manufacturing Overhead 20,000 Work-in-Process Inventory, Beginning Balance 3,000 Total Manufacturing Costs Incurred during the Year Work-in-Process Inventory, Ending Balance 1,000 Total Manufacturing Costs to Account For Direct Labor 8,000 Finished Goods Inventory, Beginning Balance 22,000 Finished Goods Inventory, Ending Balance 6,000 Cost of Goods Manufactured Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 9
Transcribed Image Text:Use the following inventory data for Hooking Golf Company to compute the cost of goods manufactured for the year:
E (Click the icon to view the inventory data.)
Hooking Golf Company
Data Table
Schedule of Cost of Goods Manufactured
Direct Materials Used
$ 14,000
Manufacturing Overhead
20,000
Work-in-Process Inventory, Beginning Balance
3,000
Total Manufacturing Costs Incurred during the Year
Work-in-Process Inventory, Ending Balance
1,000
Total Manufacturing Costs to Account For
Direct Labor
8,000
Finished Goods Inventory, Beginning Balance
22,000
Finished Goods Inventory, Ending Balance
6,000
Cost of Goods Manufactured
Print
Done
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