Inventories Raw materials Work in process Finished Goods Additional information: Raw materials purchases Direct labor cost Beginning $ 25,700 $ 17,700. $ 48,700 Ending $21,700 $ 10,700 $ 56,700 Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. $ 72,700 $ 92,700 $ 42,770 $ 4,070 $ 41,700

Inventories Raw materials Work in process Finished Goods Additional information: Raw materials purchases Direct labor cost Beginning $ 25,700 $ 17,700. $ 48,700 Ending $21,700 $ 10,700 $ 56,700 Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. $ 72,700 $ 92,700 $ 42,770 $ 4,070 $ 41,700

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 6E: The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000...

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