FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following data refer to the month of May for Bonita Components. Fill in the blanks.
Direct materials inventory, May 1
Direct materials inventory, May 31
Work-in-process inventory, May 1
Work-in-process inventory, May 31
Finished goods inventory, May 1
Finished goods inventory. May 31
Purchases of direct materials
Cost of goods manufactured during the month
Total manufacturing costs
Cost of goods sold
Gross margin
Direct labor
Direct materials used
Manufacturing overhead
Sales revenue
3,900
4,000
5,200
2,800
500
25,000
87,000
89,300
22,000
20,500
108,000
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Transcribed Image Text:The following data refer to the month of May for Bonita Components. Fill in the blanks. Direct materials inventory, May 1 Direct materials inventory, May 31 Work-in-process inventory, May 1 Work-in-process inventory, May 31 Finished goods inventory, May 1 Finished goods inventory. May 31 Purchases of direct materials Cost of goods manufactured during the month Total manufacturing costs Cost of goods sold Gross margin Direct labor Direct materials used Manufacturing overhead Sales revenue 3,900 4,000 5,200 2,800 500 25,000 87,000 89,300 22,000 20,500 108,000
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