Incomplete manufacturing cost data for Horizon Company for 2022 are presented as follows for four different situations.
Question:
Incomplete manufacturing cost data for Horizon Company for 2022 are presented as follows for four different situations.
Instructions
a. Indicate the missing amount for each letter.
b. Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2022.
Prepare a cost of goods manufactured schedule and a partial income statement.
Transcribed Image Text:
Direct Direct Labor Materials Manufactur Used Used Overhead (1) $117,000 $140,000 $ 87,000 (2) (c) 200,000 132,000
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a a 117000 140000 87000 344000 b 344000 33000 360000 17000 344000 33000 360000 17000 Tot mf...View the full answer
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