Don't provide answer in image format A manufacturing company reports the following for the period:InventoriesRaw materialsWork in processFinished goodsBeginning$ 19,52010,90013,960Activities for the periodRaw materials purchasesDirect materials usedDirect labor usedOverhead appliedSalesTotal manufacturing costsEnding$ 13,50012,70010,1301. Prepare a schedule of cost of goods manufactured.2. Compute gross profit.$ 9,60015,62010,700Complete this question by entering your answers in the tabs below.Total cost of work in process12,54046,000Required 1 Required 2Prepare a schedule of cost of goods manufactured.Schedule of Cost of Goods ManufacturedCost of goods manufactured100Required 2 >

The cost of goods manufactured includes the cost of goods that are finished during the period. The…

A manufacturing company reports the following for the period: Inventories Raw materials Work in process Finished goods Beginning $19,520 10,900 13,960 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Ending $ 13,500 12,700 10,130 $ 9,600 15,620 10,700 12,540 46,000 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit.

A manufacturing company reports the following for the period: Inventories Raw materials Work in process Finished goods Beginning $19,520 10,900 13,960 Activities for the period Raw materials purchases Direct materials used Direct labor used Overhead applied Sales Ending $ 13,500 12,700 10,130 $ 9,600 15,620 10,700 12,540 46,000 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...

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