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1)Weisinger Corporation has provided the following data for the month of January: Inventories: Beginning Ending Raw Materials-------------------- $28,000 $29,000 Work in process----------------- $16,000 $14,000 Finished
1)Weisinger Corporation has provided the following data for the month of January: Inventories: Beginning Ending Raw Materials-------------------- $28,000 $29,000 Work in process----------------- $16,000 $14,000 Finished goods------------------ $42,000 $54,000 Additional information: Raw materials purchase---------------------------------------------------------- $56,000 Direct labor cost------------------------------------------------------------------- $87,000 Manufacturing overhead cost incurred------------------------------------- $51,000 Indirect materials included in manufacturing overhead cost incurred $3,000 Manufacturing overhead cost applied to Work in process------------ $55,000 Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form
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