FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Note: Assume all raw materials were used as direct materials.
Inventories
Raw materials inventory
Work in process inventory
Finished goods inventory
Activity during current year
Raw materials purchased
Direct labor
$
Factory overhead
Beginning
of Year
$ 7,800
15,600
12,100
127,100
95,800
44,400
End of Year
$ 11,100
10,800
7,300
QS 1-17 (Algo) Schedule of cost of goods manufactured LO P2
Factory overhead of $44,400 consists of Indirect labor of $21,800, Depreciation expense-Factory of $16,800, and Factory utilities of
$5,800.
a. Compute total manufacturing costs.
b. Prepare a schedule of cost of goods manufactured.
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Transcribed Image Text:Note: Assume all raw materials were used as direct materials. Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased Direct labor $ Factory overhead Beginning of Year $ 7,800 15,600 12,100 127,100 95,800 44,400 End of Year $ 11,100 10,800 7,300 QS 1-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $44,400 consists of Indirect labor of $21,800, Depreciation expense-Factory of $16,800, and Factory utilities of $5,800. a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured.
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