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1. A combined volume schedule for Materials, Work in Process, and Finished Goods. 2. A schedule determining the cost of materials delivered to production during
1. A combined volume schedule for Materials, Work in Process, and Finished Goods. 2. A schedule determining the cost of materials delivered to production during the month of July. (Note: Determine the number of units on hand and their corresponding total cost, calculate the average unit cost, and value the ending inventory based on this unit cost.) 3. Equivalent production schedules for the month of July. 4. A cost allocation schedule for Work in Process. 5. A schedule determining the Cost of Sales for the month of July. (Note: Determine the units available for sale and their corresponding total cost, calculate the average unit cost, and value the ending inventory based on this unit cost.) 6. A Statement of Cost of Production and Sales. (This will basically be a formal summary of the cost information in Schedules 2, 4, and 5. It includes a detailed listing of manufacturing expenses.)
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