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Casual Shoe Company makes loafers. During the most recent year, Casual incurred total manufacturing costs of $ 2 1 , 8 0 0 , 0
Casual Shoe Company makes loafers. During the most recent year, Casual incurred total manufacturing costs of $ Of this amount, $ was direct materials used and $ was direct labor. Beginning balances for the year were Direct Materials, $; WorkinProcess Inventory, $; and Finished Goods Inventory, $ At the end of the year, balances were Direct Materials, $; WorkinProcess Inventory, $; and Finished Goods Inventory, $
Read the equirements.
Requirement Analyze the inventory accounts to determine the cost of direct materials purchased during the year.
Direct Materials
Direct Materials Used
Beginning Direct Materials
Ending Direct Materials
Purchases
Requirement Analyze the inventory accounts to determine the cost of goods manufactured for the year.
WorkinProcess
Beginning WorkinProcess Inventory
Direct Materials Used
Direct Labor
Manufacturing Overhead
Total Manufacturing Costs Incurred during the Year
Total Manufacturing Costs to Account For
Ending WorkinProcess Inventory
Cost of Goods Manufactured
Requirement Analyze the inventory accounts to determine the cost of goods sold for the year.
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