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Hi I keep doing this and it seems wrong! Can someone give me a hand? Thanks! An analysis of the accounts of Zuniga Manufacturing reveals
Hi I keep doing this and it seems wrong! Can someone give me a hand? Thanks! An analysis of the accounts of Zuniga Manufacturing reveals the following manufacturing cost data for the month ended June 30, 2012. Inventories Beginning Ending Raw materials $9,000 $13,100 Work in process 5,000 7,000 Finished goods 9,000 6,000 Costs incurred: Raw materials purchases $54,000, direct labor $57,000, manufacturing overhead $19,900. The specific overhead costs were: indirect labor $5,500, factory insurance $4,000, machinery depreciation $4,000, machinery repairs $1,800, factory utilities $3,100, miscellaneous factory costs $1,500. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2012. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- (b) Show the presentation of the ending inventories on the June 30, 2012, balance sheet. (List assets in order of liquidity.) ZUNIGA MANUFACTURING (Partial) Balance Sheet June 30, 2012
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