Shen Company reports the costs incurred below for the month ended May 31. The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 130% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-end. Prepare a schedule of cost of goods manufactured for the month. Direct materials used Direct labor used Job 4 $2,200 2,800 Job 5 $1,700 270 SHEN COMPANY Schedule of Cost of Goods Manufactured For Month Ended May 31 Add: Work in process inventory, beginning
Shen Company reports the costs incurred below for the month ended May 31. The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 130% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-end. Prepare a schedule of cost of goods manufactured for the month. Direct materials used Direct labor used Job 4 $2,200 2,800 Job 5 $1,700 270 SHEN COMPANY Schedule of Cost of Goods Manufactured For Month Ended May 31 Add: Work in process inventory, beginning
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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