SCHEDULE OF COST OF GOODS MANUFACTURED Prepare a schedule of cost of goods manufactured for Verdi Company

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SCHEDULE OF COST OF GOODS MANUFACTURED Prepare a schedule of cost of goods manufactured for Verdi Company for the year ended June 30, 20-2. Assume that all materials inventory items are direct materials. Information to prepare the schedule is as follows:

Work in process, July 1, 20-1 .......$ 20,760

Materials inventory, July 1, 20-1 ........12,348

Materials purchases ...........154,008

Direct labor ...............330,576

Actual factory overhead ..........201,384

Work in process, June 30, 20-2 .......17,940

Materials inventory, June 30, 20-2 .....15,180

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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