Prepare a Cost of Goods Manufactured from the following data. Materials inventory, Jan 1. .$80,000...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Prepare a Cost of Goods Manufactured from the following data.
Materials inventory, Jan 1. .$80,000
Materials inventory, Dec. 31..60,000
WIP inventory, Jan 1.100,000
WIP inventory, Dec. 31.140,000
Finished Goods inventory, Jan. 1.120,000
Finished Goods inventory, Dec. 31110,000
Net delivered cost of materials purchased.180,000
Direct Labor.280,000
Indirect Material.15,000
Indirect Labor.75,000
Factory Supplies used.16,000
Factory Depreciation30,000
Factory Repairs and Maintenance.22,000
Selling Expenses..64,000
Non-factory Administrative Expenses.58,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.