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3. Given: Direct Labour = $42,000 WIP, beginning = $6,000 FG, beginning = $30,000 Sales $200,000 Direct materials used = ? FOH is 40% of
3. Given: Direct Labour = $42,000 WIP, beginning = $6,000 FG, beginning = $30,000 Sales $200,000 Direct materials used = ? FOH is 40% of conversion cost WIP, end $2,000 FG, end $10,000 Gross margin % = 40% - REQUIRED: Prepare a Schedule of Costs of Goods Manufactured (a.k.a. manufacturing statement) Given: Direct Labour =$42,000 FOH is 40% of conversion cost WIP, beginning =$6,000 WIP, end =$2,000 FG, beginning =$30,000 FG, end =$10,000 Sales $200,000 Gross margin %=40% Direct materials used = ? REQUIRED: Prepare a Schedule of Costs of Goods Manufactured (a.k.a. manufacturing statement)
3. Given: Direct Labour = $42,000 WIP, beginning = $6,000 FG, beginning = $30,000 Sales $200,000 Direct materials used = ? FOH is 40% of conversion cost WIP, end $2,000 FG, end $10,000 Gross margin % = 40% - REQUIRED: Prepare a Schedule of Costs of Goods Manufactured (a.k.a. manufacturing statement)
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