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A) Prepare a condensed cost of goods manufactured schedule for Case 1. B) Prepare a condensed cost of goods manufactured schedule for Case 2. Cost
A) Prepare a condensed cost of goods manufactured schedule for Case 1. B) Prepare a condensed cost of goods manufactured schedule for Case 2. Cost of Goods Manufactured Schedule $ Case - 1 Directc material used 9780 Direct labor 5110 Manufacturing Overheads 8880 Total Manufacturing cost 23770 Beginning WIP 1990 Ending WIP inventory 7780 Sales revenue 25250 Sales discount 2790 Cost of g oods manufactured 17980 Beginning FG inventory 4820 Goods available for sale 22800 Cost of goods sold 18670 Ending FG inventory 4130 Gross Profit 3790 Operating expenses 3260 Net Income 530 Case-2 3390 8920 4140 16450 9590 3590 32730 1500 22450 4160 26610 23590 3020 7640 2500 5140
A) Prepare a condensed cost of goods manufactured schedule for Case 1.
B) Prepare a condensed cost of goods manufactured schedule for Case 2.
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