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Account Balances: Other Info: Clarkson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2024: (Click the icon to view
Account Balances:
Other Info:
Clarkson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2024: (Click the icon to view account balances.) (Click the icon to view other information.) Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Clarkson manufactured 2,230 lamps for the year? Requirement 1. Use the information to prepare a schedule of cost of goods manufactured. Clarkson, Corp. Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured i . Data Table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending $ 58,000 $ 26,000 105,000 61,000 48,000 51,000 i x Data Table $ 19,000 155,000 28,000 Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses 49,000 5,000 36,000 127,000 54,000Step by Step Solution
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