Question
2. The following information is available for Metlock Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $22,400 $32,400 Work in process inventory
2. The following information is available for Metlock Company.
|
| January 1, 2022 | 2022 | December 31, 2022 |
| Raw materials inventory | $22,400 |
| $32,400 |
| Work in process inventory | 15,000 |
| 18,700 |
| Finished goods inventory | 29,300 |
| 22,680 |
| Materials purchased |
| $162,000 |
|
| Direct labor |
| 237,600 |
|
| Manufacturing overhead |
| 194,400 |
|
| Sales revenue |
| 982,800 | |
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DOD Financial Management The Army Faces Significant Challenges In Achieving Audit Readiness For Its Military Pay
Authors: Government Accountability Office
1st Edition
1492310921, 978-1492310921
