The company's direct labor costs were $1,353,600 and its total a st of goods manu-percentage of direct labor costs. The ending inventories include the following'costs:Problem 2-5 Detomining Cosł ol Goods Soldfactured was $4,820,000 for the year. Manufacturing overhead costs are a constant· materials ($192,200), work in process ($128,000), and finished goods ($236,000).pany's 1990 manufacturing performance. The beginning inventories included rawThe treasurer of Halc Company has accumulated cost data concerning the com$1,353,600 and its total a st of goods manu-The company's direct labor costs wereRawWork inProcessFinishedMaterialsGoods$176,000$44,00044,800$ 60,00052,80079,200$192,000Raw materialsDirect labor.Manufacturing overheadTatal ending inventory.$176,000Required:Prepare a schedule showing the cost of goods sold for 1990.

Cost of goods sold are the total cost which are incurred in the manufacturing and production of the…

Answered: Required: Prepare a schedule showing…

Business

Accounting

Required: Prepare a schedule showing the cost of goods sold for 1990.

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

The company's direct labor costs were $1,353,600 and its total a st of goods manu-
percentage of direct labor costs. The ending inventories include the following'costs:
Problem 2-5 Detomining Cosł ol Goods Sold
factured was $4,820,000 for the year. Manufacturing overhead costs are a constant
· materials ($192,200), work in process ($128,000), and finished goods ($236,000).
pany's 1990 manufacturing performance. The beginning inventories included raw
The treasurer of Halc Company has accumulated cost data concerning the com
$1,353,600 and its total a st of goods manu-
The company's direct labor costs were
Raw
Work in
Process
Finished
Materials
Goods
$176,000
$44,000
44,800
$ 60,000
52,800
79,200
$192,000
Raw materials
Direct labor.
Manufacturing overhead
Tatal ending inventory.
$176,000
Required:
Prepare a schedule showing the cost of goods sold for 1990.

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