Raw Materials Inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 Direct Labor Indirect Labor $51,100 41,600 96,800 27,800 21,300 27,900 144,350 26,360 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $34,600 5,200 16,800 29,700 9,550 563,900 4,600 64,300 9,610 2,500 97,200 37,900 are a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.)
Raw Materials Inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 Direct Labor Indirect Labor $51,100 41,600 96,800 27,800 21,300 27,900 144,350 26,360 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $34,600 5,200 16,800 29,700 9,550 563,900 4,600 64,300 9,610 2,500 97,200 37,900 are a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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