Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,840 Direct labor $ 59,200 Manufacturing overhead applied to work in process $ 87,600 Underapplied overhead $ 4,190 Inventories Beginning Ending Raw materials $ 10,400 $ 18,700 Work in process $ 54,600 $ 69,400 Finished goods $ 33,800 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Do not give answer in image
Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,840 Direct labor $ 59,200 Manufacturing overhead applied to work in process $ 87,600 Underapplied overhead $ 4,190 Inventories Beginning Ending Raw materials $ 10,400 $ 18,700 Work in process $ 54,600 $ 69,400 Finished goods $ 33,800 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Do not give answer in image
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PB: During March, the following costs were charged to the manufacturing department: $22,500 for...
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Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,840 Direct labor $ 59,200 Manufacturing
Do not give answer in image
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