Answered step by step
Verified Expert Solution
Question
1 Approved Answer
8 E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. OD Hobbit Company Cost of Goods Manufactured Schedule OSDE Darlin For
8 E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. OD Hobbit Company Cost of Goods Manufactured Schedule OSDE Darlin For the Year Ended December 31, 2020 Work in process (1/1) $210,000 Direct materials OSOS and balabon Raw materials inventory (1/1) $ ? Add: Raw materials purchases 10 og 158,000 megad Total raw materials available for use ? Less: Raw materials inventory (12/31) 22,500 DEO) Direct materials used on Inggem $180,000 Direct labor bonboog ? Manufacturing overhead Jari bosilon olare Indirect labor 18,000 Factory depreciation abnormomodo 36,000 Factory utilities 68,000 Total overhead DE 122,000 alle Contovima Total manufacturing costs Total cost of work in process poslovnim oboru ? Less: Work in process (12/31) no to now and to 81,000 Cost of goods manufactured anno solo simbo $540,000 Instructions Complete the cost of goods manufactured schedule for Hobbit Company
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started