Cost data for Tiwana Manufacturing Company for the month ended May 31, 2014, are as follows: a.
Question:
a. Prepare a cost of goods manufactured statement for May 2014.
b. Determine the cost of goods sold for May2014.
Transcribed Image Text:
Inventories Materials Work in process Finished goods May 1 $210,000 142,800 109,200 May 31 $184,800 159,600 126,000 Direct labor Materials purchased during May Factory overhead incurred during May: $378,000 403,200 Indirect labor Machinery depreciation Heat light, and power Supplies Property taxes Miscellaneous costs 40,320 24,000 8,400 6,720 5,880 10,920
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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