Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please solve questions A, B, and the last one. And also, please explain step by step. Will give good rating. Thank you. E8.39

image text in transcribedCan you please solve questions A, B, and the last one. And also, please explain step by step. Will give good rating. Thank you.

E8.39 (LO 4) Excel An analysis of the accounts of Kananaskis Manufacturing reveals the following manufacturing cost data for the month ended June 30,2022 : Costs incurred: Raw materials purchases $64,000, direct labour $57,000, manufacturing overhead $22,900. The specific overhead costs were as follows: indirect labour $7,500, factory insurance $4,000, machinery depreciation $5,000, machinery repairs $1,800, factory utilities $3,100, miscellaneous factory costs $1,500. Assume that all raw materials used were direct materials. Instructions a. Prepare the cost of goods manufactured schedule for the month ended June 30,2022. b. Show the presentation of the ending inventories on the June 30,2022 , balance sheet. Determine the amount of cost to appear in various accounts, and indicate in which financial statements these accounts would appear

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

A Blueprint For Lean Audit Lead Your Company To Higher Performance Levels

Authors: Maurice Washpun

1st Edition

B09R3DSLFF, 979-8408643707

More Books

Students also viewed these Accounting questions

Question

Solve the equation. Check your answers. x2 + 4 = 20

Answered: 1 week ago

Question

AN AN

Answered: 1 week ago