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Beena Corporation has the following information available about its July, 2020 production: 1. Finished goods inventory on July 1, 2020 is $27,760 and on July
Beena Corporation has the following information available about its July, 2020 production:
1. Finished goods inventory on July 1, 2020 is $27,760 and on July 31, 2020 is $25,190.
2. Work in process inventory on July 1, 2020 is $25,190 and on July 31, 2020 is $22,740.
3. Raw materials inventory on July 1, 2020 is $10,340 and on July 31, 2020 is $8,510.
4. Direct materials used in production in July were $44,100. Direct labour incurred in production in July was $29,900 and manufacturing overhead applied to production is $41,300.
5. Net Sales for July, 2020 was $156,300.
Prepare a condensed cost of goods manufactured schedule for July, 2020.
Prepare a condensed cost of goods manufactured schedule for July, 2020.
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