Prepare Cost of goods manufactured and cost of goods sold schedules in a table format only.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare Cost of goods manufactured and cost of goods sold schedules in a table format only.

Direct materials: $2,200
Factory overhead: $490
Direct labor: $900
Beginning work in process: none (December 31, 2019)
Ending work in process: $540 (January 31, 2020)
Beginning finished goods inventory: none (December 31, 2019)
Ending finished goods inventory: $350 (January 31, 2020)
Transcribed Image Text:Direct materials: $2,200 Factory overhead: $490 Direct labor: $900 Beginning work in process: none (December 31, 2019) Ending work in process: $540 (January 31, 2020) Beginning finished goods inventory: none (December 31, 2019) Ending finished goods inventory: $350 (January 31, 2020)
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