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Manhattan Company has the following information for November: Cost of direct materials used in production $230,700 Direct labor 267,000 Factory overhead 155,800 Work in process inventory, November 1 59,600 Work in process inventory, November 30 63,300 Finished goods inventory, November 1 42,600 Finished goods inventory, November 30 44,100 a For November, using the data given, prepare a statement of Cost of Goods Manufactured. Manhattan Company Statement of Cost of Goods Manufactured Tutal manufacturing costs incurred during November Total manufacturing costs Cost of goods manufactured b. For November, using the data given, prepare a statement of Cost of Goods Sold. Manhattan Company Statement of Cost of Goods Sold Cost of goods sold

Manhattan Company has the following information for November: Cost of direct materials used in production $230,700 Direct labor 267,000 Factory overhead 155,800 Work in process inventory, November 1 59,600 Work in process inventory, November 30 63,300 Finished goods inventory, November 1 42,600 Finished goods inventory, November 30 44,100 a For November, using the data given, prepare a statement of Cost of Goods Manufactured. Manhattan Company Statement of Cost of Goods Manufactured Tutal manufacturing costs incurred during November Total manufacturing costs Cost of goods manufactured b. For November, using the data given, prepare a statement of Cost of Goods Sold. Manhattan Company Statement of Cost of Goods Sold Cost of goods sold

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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Cost of Goods Sold, Cost of Goods Manufactured Manhattan Company has the following information for November: Cost of direct materials used in production $230,700 Direct labor 267,000 Factory overhead 155,800 Work in process inventory, November 1 59,600 Work in process inventory, November 30 63,300 Finished goods inventory, November 1 42,600 Finished goods inventory, November 30 44,100 a. For November, using the data given, prepare a statement of Cost of Goods Manufactured. Manhattan Company Statement of Cost of Goods Manufactured Total manufacturing costs incurred during November Total manufacturing costs Cost of goods manufactured b. For November, using the data given, prepare a statement of Cost of Goods Sold. Manhattan Company Statement of Cost of Goods Sold Cost of goods sold
Transcribed Image Text:Cost of Goods Sold, Cost of Goods Manufactured Manhattan Company has the following information for November: Cost of direct materials used in production $230,700 Direct labor 267,000 Factory overhead 155,800 Work in process inventory, November 1 59,600 Work in process inventory, November 30 63,300 Finished goods inventory, November 1 42,600 Finished goods inventory, November 30 44,100 a. For November, using the data given, prepare a statement of Cost of Goods Manufactured. Manhattan Company Statement of Cost of Goods Manufactured Total manufacturing costs incurred during November Total manufacturing costs Cost of goods manufactured b. For November, using the data given, prepare a statement of Cost of Goods Sold. Manhattan Company Statement of Cost of Goods Sold Cost of goods sold
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