The following information is available for Lowry Company. January 1, 2011 Raw materials inventory...
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Accounting
The following information is available for Lowry Company.
January 1, 2011
Raw materials inventory $21,000
Work in process inventory 13,500
Finished goods inventory 27,000
Dec 31 2011
Raw materials inventory 30,000
Work in process inventory 17,200
Finished goods inventory 21,000
2011
Materials purchased $150,000
Direct labor 200,000
Manufacturing overhead 180,000
Sales 900,000
(a) Compute cost of goods manufactured.
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