Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An analysis of the accounts of Marin Company reveals the following manufacturing cost data for the month ended June 30, 2022. Inventory Beginning Ending

image

An analysis of the accounts of Marin Company reveals the following manufacturing cost data for the month ended June 30, 2022. Inventory Beginning Ending Raw materials $9,800 $14,380 Work in process 5,300 7,550 Finished goods 9,800 9,000 Costs incurred: raw materials purchases $57,500, direct labor $49,300, manufacturing overhead $22,160. The specific overhead costs were: indirect labor $5,700, factory insurance $4,500, machinery depreciation $4,500, machinery repairs $2,090, factory utilities $3,780, and miscellaneous factory costs $1,590. (Assume that all raw materials used were direct materials.) (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2022. > > MARIN COMPANY Cost of Goods Manufactured Schedule $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Given Information Beginning Raw Materials Inventory 9800 Ending Raw Materials Inventory 14380 Raw Ma... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools for business decision making

Authors: kimmel, weygandt, kieso

4th Edition

978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461

More Books

Students also viewed these Accounting questions