Question
Below is the Statement of cost of goods manufactured and sold for Hilton Corporation. Supply the missing information on the schedule. if a value is
Below is the Statement of cost of goods manufactured and sold for Hilton Corporation. Supply the missing information on the schedule. if a value is subtracted, make it negative.
Hilton Corporation Statement of cost of goods manufactured and sold For the year ended December 31, 2018
Beginning Raw Materials Inventory $ 15,000
Raw Materials Purchases _______
Raw Materials Available for Use 74,000
Ending Raw Materials Inventory ______
Raw Materials used in Production 62,000
Direct Labor 46,500
Manufacturing Overhead ______
Total Manufacturing costs 151,500
Beginning work in Process Inventory _______
Total work process during the year 163,700
Ending work in process inventory (8,500)
Cost of goods Manufactured _______
Beginning Finished Goods Inventory _______
Finished Goods Available for sale 169,200
Ending Finished Goods Inventory ______
Cost of Good Sold $158,800
show the work please
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