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Chan ' s manufacturing costing system uses a three - part classification of direct materials, direct manufacturing labor, and manufacturing overhead costs. The following items
Chans manufacturing costing system uses a threepart classification of direct materials, direct manufacturing labor, and manufacturing overhead costs. The following itemsin millions pertain to Chan Corporation: LOADING...Click the icon to view the items. Requirement Prepare an income statement and a supporting schedule of cost of goods manufactured. Question content area bottom Part Begin by preparing the supporting schedule of cost of goods manufacturedin millions Start with the direct materials and direct labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured. Chan Corporation Schedule of Cost of Goods Manufactured For the Year Ended December in millions Direct material costs: Cost of goods manufactured Indirect manufacturing labor costs Plant supplies used Plant utilities Direct materials used Direct labor manufacturing costs
Chans manufacturing costing system uses a threepart classification of direct materials, direct manufacturing labor, and manufacturing overhead costs. The following itemsin millions pertain to Chan Corporation:
LOADING...Click the icon to view the items.
Requirement
Prepare an income statement and a supporting schedule of cost of goods manufactured.
Question content area bottom
Part
Begin by preparing the supporting schedule of cost of goods manufacturedin millions Start with the direct materials and direct labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured.
Chan Corporation
Schedule of Cost of Goods Manufactured
For the Year Ended December in millions
Direct material costs:
Cost of goods manufactured
Indirect manufacturing labor costs
Plant supplies used
Plant utilities
Direct materials used
Direct labor manufacturing costs
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