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All Seasons Heating & Cooling manufactures air conditioning unis for commercial buildings. All Seasons has provided the following data concerning last month's manufacturing operations.
All Seasons Heating & Cooling manufactures air conditioning unis for commercial buildings. All Seasons has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,600 $58,300 $88,300 $ 4,190 Inventories Raw materials Beginning Ending $ 12,000 $19,300 Work in process $ 54,800 $ 65,200 Finished goods $ 33,500 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Complete the question by entering your answers in the tabs below.
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