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Current Attempt in Progress Wildhorse Company recorded the following transactions for the month of February: Sales were $420,000 for the month. Sales prices are determined
Current Attempt in Progress Wildhorse Company recorded the following transactions for the month of February: Sales were $420,000 for the month. Sales prices are determined by a markup on manufacturing cost of 40% The costs of new inputs to the manufacturing process during the month were $287,000. (3) Calculate the missing values in the schedule below. Materials Work in Process Finished Goc Purchases $104,600 Beginning Inventory 16,600 $8,700 55 Ending Inventory (a) 19,600 1 Direct Materials Used 90,400 Direct Labour (b) Manufacturing Overhead (including indirect materials of $9,800) 115,300 (a) Calculate the missing values in the schedule below. Materials Work in Process Finished Goc Purchases $104,600 Beginning Inventory 16,600 $8,700 $ Ending Inventory (a) 19,600 1 Direct Materials Used 90,400 Direct Labour (b) Manufacturing Overhead (including indirect materials of $9,800) 115,300 Transferred to Finished Goods (c) Cost of Goods Sold a) Calculate the missing values in the schedule below. Materials Work in Process Finished Goods $104,600 ventory 16,600 $8,700 $ (e) ntory (a) 19,600 19,500 rials Used 90,400 ur (b) ing Overhead (including erials of $9,800) 115,300 to Finished Goods (c) ds Sold (d)
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