Schedule of Cost of Goods Manufactured Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Balances: Beginning Ending Direct Materials 29,000 30,000 Work-in-Process Inventory 42,000 35,000 Finished Goods Inventory 22,000 26,000 Other information: Purchases of direct materials 76,000 Direct labor 89,000 Manufacturing overhead 44,000 %24 %24

Schedule of Cost of Goods Manufactured Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Balances: Beginning Ending Direct Materials 29,000 30,000 Work-in-Process Inventory 42,000 35,000 Finished Goods Inventory 22,000 26,000 Other information: Purchases of direct materials 76,000 Direct labor 89,000 Manufacturing overhead 44,000 %24 %24

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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