Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Tamarisk Company. (Assume that all raw
An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Tamarisk Company. (Assume that all raw materials used were direct materials.) Work in process, January 1 Direct materials Raw materials inventory, January 1 Raw materials purchases Total raw materials available for use Less: Raw materials inventory, December 31 TAMARISK COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 152,000 Direct materials used Direct labor Manufacturing overhead Indirect labor 22,000 $172,800 17,600 Factory depreciation 34,400 Factory utilities 65,600 Total manufacturing overhead 117,600 Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured $201,600 77,600 $518,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started