The following information pertains to Acme Manufacturing Company for June. Assume actual overhead equaled applied overhead. June 1 June 30 Inventory Balances Raw Materials $100,000 $60,000 Work in Process 120,000 145,000 Finished Goods 78,000 80,000 Activity during June: Raw materials purchased $120,000 Direct labor costs 100,000 Manufactured overhead 63,000 Complete the following Schedule of Cost of Goods Manufactured and S
The following information pertains to Acme Manufacturing Company for June. Assume actual
June 1 June 30
Inventory Balances
Raw Materials $100,000 $60,000
Work in Process 120,000 145,000
Finished Goods 78,000 80,000
Activity during June:
Raw materials purchased $120,000
Direct labor costs 100,000
Manufactured overhead 63,000
Complete the following Schedule of Cost of Goods Manufactured and Sold
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