Complete the information in the cost computations shown here:Raw materialsBeginning inventory$344Purchases1,532Materials available for useEnding inventory323Materials used in production $Work in process inventoryBeginning inventory$934Materials used in productionDirect labor1,537Overhead appliedManufacturing costs incurred$22,468Ending inventory937Cost of goods manufactured $Finished goods inventoryBeginning inventoryCost of goods manufacturedGoods available for sale$25,029Ending inventoryCost of goods sold$21,814

Answered: ormatior Raw materials Beginning…

ormatior Raw materials Beginning inventory $344 Purchases 1,532 Materials available for use $4 Ending inventory 323 Materials used in production $

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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Question

Complete the information in the cost computations shown here:
Raw materials
Beginning inventory
$344
Purchases
1,532
Materials available for use
Ending inventory
323
Materials used in production $
Work in process inventory
Beginning inventory
$934
Materials used in production
Direct labor
1,537
Overhead applied
Manufacturing costs incurred
$22,468
Ending inventory
937
Cost of goods manufactured $
Finished goods inventory
Beginning inventory
Cost of goods manufactured
Goods available for sale
$25,029
Ending inventory
Cost of goods sold
$21,814

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