Question
Cost classification: Product or Period Category: DM, DL, Expense or MOH 2-Complete the Schedule of Cost of Goods Manufactured. Use the blue shaded areas for
| Cost classification: Product or Period Category: DM, DL, Expense or MOH | ||||||||||||||||||||
|
2-Complete the Schedule of Cost of Goods Manufactured. Use the blue shaded areas for inputs. Use the following amounts: direct materials used, $2,500; direct labor, $3,000; manufacturing overhead, $11,000; beginning work-in-process inventory, $1,500; and ending work-in-process inventory, $1,200. | ||||||||||||||||||||
| 3-Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 16,000 units were manufactured. Use the blue shaded areas for inputs. Use a formula to calculate the cost per unit. |
| |||||||||||||||||||
| 4-Complete the Cost of Goods Sold schedule. Beginning Finished Goods had 500 units that had a cost of $0.98 each. Ending Finished Goods Inventory had 700 units left. |
| |||||||||||||||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started