Question
Complete the Schedule of Cost of Goods Manufactured and Cost of Goods Sold with the following information (A couple of hints given in the table,
Complete the Schedule of Cost of Goods Manufactured and Cost of Goods Sold with the following information (A couple of hints given in the table, but not throughout the table):
+
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Raw Materials
Conversion
Work In Process
Purchases of Raw Materials . $30,000 Indirect Materials included in Raw Material purchases $5,000
Direct Labor . $58000 Manufacturing overhead applied $87,000 Actual Overhead $91,000
| Inventories | Beginning | Ending |
| Raw Materials | $12,000 | $18,000 |
| Work In Process | $56,000 | $65,000 |
| Finished Goods | $35,000 | $42,000 |
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+
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Please show work!
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ERP Digital License Management Audit And Compliance
Authors: Gangesh Thakur, Jay Kalaimani
1st Edition
1799104079, 978-1799104070
