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ALL BLUE BOXES NEED TO BE FILLED IN- ALREADY POSTED THIS ONCE AND THE ANSWER WAS INCOMPLETE. StorSmart Company makes plastic organizing bins. The company
ALL BLUE BOXES NEED TO BE FILLED IN- ALREADY POSTED THIS ONCE AND THE ANSWER WAS INCOMPLETE.
StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March Beginning Inventory Ending Inventory Raw materials Work in process Finished goods $29,200 22,200 79,900 $25,600 45,400 68,500 Additional information for the month of March follows StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling, general, and administrative expenses Sales revenue $ 41,500 1,800 62,500 36,000 24,400 238,000 Required 1. Based on the above information, prepare a cost of goods manufactured report. (See the Learn Discussion Board-Ch 2 Questions for a Template since the answer contains blank lines). STORSMART COMPANY Cost of Goods Manufactured Report For the Month of March $ 29,200 41,500 1,800 25,600 $43,300 62,500 36,000 Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials Used in Production Direct Labor Total Current Manufacturing Costs 141,800 22,200 $164,000 45,400 $118,600 Plus: Beginning Work in Process Inventory Total Work in Process Less: Ending Work in Process Inventory Cost of Goods ManufacturedStep by Step Solution
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