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E16-20 (similar to) Vargas Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: (Click the icon to view year-end
E16-20 (similar to) Vargas Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: (Click the icon to view year-end information.) Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Vargas manufactured 2,675 lamps for the year? Beginning Work-in-Process Inventory Direct Materials Used: Beginning Direct Materials Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured the input fields and then click Check Answer Choose from any list or enter any number Data Table Balances: Beginning Ending Direct Materials 51,000 $ 30,000 Work-in-Process Inventory 107,000 68,000 Finished Goods Inventory 45,000 52,000 Other information: Depreciation, plant building and equipment 15,000 Direct materials purchases 159,000 Insurance on plant 22,000 Sales salaries 41,000 Repairs and maintenance-plant 6,000 Indirect labor 38,000 Direct labor 128,000 Administrative expenses 55,000 Print Done
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