Raw materials Beginning inventory $341 Purchases 1,532 Materials available for use Ending inventory 323 Materials used in production Work in process inventory Beginning inventory $932 Materials used in production Direct labor 1,534 Overhead applied Manufacturing costs incurred $22,424 Ending inventory 934 Cost of goods manufactured Finished goods inventory Beginning inventory Cost of goods manufactured Goods available for sale $24,986 Ending inventory Cost of goods sold $21,772
Raw materials Beginning inventory $341 Purchases 1,532 Materials available for use Ending inventory 323 Materials used in production Work in process inventory Beginning inventory $932 Materials used in production Direct labor 1,534 Overhead applied Manufacturing costs incurred $22,424 Ending inventory 934 Cost of goods manufactured Finished goods inventory Beginning inventory Cost of goods manufactured Goods available for sale $24,986 Ending inventory Cost of goods sold $21,772
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 | $341 |
| Purchases | 1,532 |
| Materials available for use | $ |
| Ending inventory | 323 |
| Materials used in production | $ |
| Work in process inventory | |
| Beginning inventory | $932 |
| Materials used in production | |
| Direct labor | 1,534 |
| $22,424 | |
| Ending inventory | 934 |
| Cost of goods manufactured |
| Finished goods inventory | |
| Beginning inventory | |
| Cost of goods manufactured | |
| Goods available for sale | $24,986 |
| Ending inventory | |
| Cost of goods sold | $21,772 |
Transcribed Image Text:Complete the information in the cost computations shown here:
Raw materials
Beginning inventory
$341
Purchases
1,532
Materials available for use
Ending inventory
323
Materials used in production
Work in process inventory
Beginning inventory
$932
Materials used in production
Direct labor
1,534
Overhead applied
Manufacturing costs incurred
$22,424
Ending inventory
934
Cost of goods manufactured
Finished goods inventory
Beginning inventory
Cost of goods manufactured
Goods available for sale
$24,986
Ending inventory
Cost of goods sold
$21,772
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