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Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4. Beginning raw materials inventory $
Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4. Beginning raw materials inventory $ 966,400 Raw materials purchased (net) 2,345,500 Ending raw materials inventory 818,200 Direct labor costs 322,300 Indirect materials 125,500 Indirect labor 88,900 Factory utilities and maintenance 456,000 Factory depreciation 56,600 Other factory related overhead 24,400 Beginning work in process 777,000 Ending work in process 717,000 (a) Arrange the cost data into a statement of cost of goods manufactured. (b) If Ashley's cost of goods sold for the month was $4,000,000, how much was the increase or decrease in finished goods inventory for the month of September?
Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4. | |||
Beginning raw materials inventory | $ 966,400 | ||
Raw materials purchased (net) | 2,345,500 | ||
Ending raw materials inventory | 818,200 | ||
Direct labor costs | 322,300 | ||
Indirect materials | 125,500 | ||
Indirect labor | 88,900 | ||
Factory utilities and maintenance | 456,000 | ||
Factory depreciation | 56,600 | ||
Other factory related overhead | 24,400 | ||
Beginning work in process | 777,000 | ||
Ending work in process | 717,000 | ||
(a) | Arrange the cost data into a statement of cost of goods manufactured. | ||
(b) | If Ashley's cost of goods sold for the month was $4,000,000, how much was the increase or decrease in finished goods inventory for the month of September? |
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