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Due at 11:45 on 9/28 Please help ASAP Princeton 3 Company has the following information for May: Cost of direct materials used in production $44,000
Due at 11:45 on 9/28 Please help ASAP
Princeton 3 Company has the following information for May:
Cost of direct materials used in production | $44,000 |
Direct labor | 57,000 |
Factory overhead | 34,000 |
Work in process inventory, May 1 | 34,000 |
Work in process inventory, May 31 | 33,800 |
Finished goods inventory, May 1 | 22,000 |
Finished goods inventory, May 31 | 17,000 |
a. For May, using the data given, prepare a statement of Cost of Goods Manufactured.
Princeton 3 Company | ||
Statement of Cost of Goods Manufactured | ||
$ | ||
$ | ||
Total manufacturing costs incurred during May | ||
Total manufacturing costs | $ | |
Cost of goods manufactured | $ | |
b. For May, using the data given, prepare a statement of Cost of Goods Sold.
Princeton 3 Company | |
Statement of Cost of Goods Sold | |
$ | |
$ | |
Cost of goods sold | $ |
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