A manufacturing company reports the following for the period. 1. Prepare a schedule of cost of goods
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A manufacturing company reports the following for the period.
1. Prepare a schedule of cost of goods manufactured.
2. Compute gross profit.
Transcribed Image Text:
Inventories Beginning Ending Activities for the period Raw materials purchases..... Direct materials used.... Raw materials........ $18,020 $12,000 $ 8,100 Work in process 9,400 11,200 14,120 Finished goods ...... 12,460 8,630 Direct labor used 9,200 ... Overhead applied.... 11,040 Sales ... 40,000
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1Schedule of Cost of goods manufactured Amount Direct materials Used 14120 Direct labor used 9200 ...View the full answer
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