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fix all red marked answers Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Dates: April 30
fix all red marked answers
Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Dates: April 30 to: April 30 X Answer is not complete. Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: The following additional information describes the company's production activities for May. Prepare a schedule of cost of goods manufactured for the Stitching Department for the month of May. Dates: April 30 to: April 30 \begin{tabular}{|lc|c|c|} \hline Transferred-in from Cutting & & 61,975 & \\ \hline Direct labor used & & 62,400 & \\ \hline Factory overhead applied & & 74,880 & \\ \hline & & & \\ \hline & & \\ \hline Total manufacturing costs added during May & & $199,255 \\ \hline Add: Beginning work in process inventory & & & 63,300 \\ \hline Total cost of work in process & & 262,555 \\ \hline Less: Ending work in process inventory & & & 60,500 \\ \hline Cost of goods manufactured & & 202,055 \\ \hline \end{tabular} Pr Calculate the value of cost of goods sold for the month of May. Ignore any over- or underapplied overhead in calculation of cost of goods sold. General Ledger Account Verify the ending balance in raw materials inventory. Materials used should be indicated with a minus sign. Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Dates: April 30 to: April 30 X Answer is not complete. Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: The following additional information describes the company's production activities for May. Prepare a schedule of cost of goods manufactured for the Stitching Department for the month of May. Dates: April 30 to: April 30 \begin{tabular}{|lc|c|c|} \hline Transferred-in from Cutting & & 61,975 & \\ \hline Direct labor used & & 62,400 & \\ \hline Factory overhead applied & & 74,880 & \\ \hline & & & \\ \hline & & \\ \hline Total manufacturing costs added during May & & $199,255 \\ \hline Add: Beginning work in process inventory & & & 63,300 \\ \hline Total cost of work in process & & 262,555 \\ \hline Less: Ending work in process inventory & & & 60,500 \\ \hline Cost of goods manufactured & & 202,055 \\ \hline \end{tabular} Pr Calculate the value of cost of goods sold for the month of May. Ignore any over- or underapplied overhead in calculation of cost of goods sold. General Ledger Account Verify the ending balance in raw materials inventory. Materials used should be indicated with a minus signStep by Step Solution
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