Question
Dickerson Corporation has provided the following data for the month of April: Inventories: Beginning Ending Raw materials $ 21,000 $ 35,000 Work-in-Process $ 17,000 $
Dickerson Corporation has provided the following data for the month of April:
| Inventories: | Beginning | Ending | |||||
| Raw materials | $ | 21,000 | $ | 35,000 | |||
| Work-in-Process | $ | 17,000 | $ | 19,000 | |||
| Finished goods | $ | 46,000 | $ | 38,000 | |||
| Additional information: | ||
| Raw materials purchases | $ | 76,000 |
| Direct labor cost | $ | 81,000 |
| Manufacturing overhead cost incurred | $ | 42,000 |
| Indirect materials included in manufacturing overhead cost incurred | $ | 6,000 |
| Manufacturing overhead cost applied to Work-in-Process | $ | 44,000 |
Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
