Beckman Company manufactures staplers. At the beginning of November, the following information was supplied by its accountant:

Question:

Beckman Company manufactures staplers. At the beginning of November, the following information was supplied by its accountant:

Direct materials inventory ........$48,500

Work in process inventory ........ 10,000

Finished goods inventory .......... 10,075

During November, direct labor cost was $22,000, direct materials purchases were $70,000, and the total overhead cost was $216,850. The inventories at the end of November were:

Direct materials inventory ........$15,900

Work in process inventory ........ 6,050

Finished goods inventory .......... 8,475


Required:

1. Prepare a cost of goods manufactured statement for November.

2. Prepare a cost of goods sold schedule for November.


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Related Book For  book-img-for-question

Cost Management Accounting And Control

ISBN: 101

6th Edition

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

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