Question
i am having trouble with this one and need help Timbuk 3 Company has the following information for March: Cost of direct materialsused in production$21,000Direct
i am having trouble with this one and need help
Timbuk 3 Company has the following information for March:
Cost of direct materialsused in production$21,000Direct labor54,250Factory overhead35,000Work in process inventory, March 187,500Work in process inventory, March 3192,750Finished goods inventory, March 136,750Finished goods inventory, March 3142,000
a.For March, determine the cost of goods manufactured.
Using the data given, prepare a statement of Cost of Goods Manufactured.
Timbuk 3 CompanyStatement of Cost of Goods Manufactured
$
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$
fill in the blank bfde0cff706901d_4
fill in the blank bfde0cff706901d_6
fill in the blank bfde0cff706901d_8
Total manufacturing costs incurred during Marchfill in the blank bfde0cff706901d_9
Total manufacturing costs$
fill in the blank bfde0cff706901d_10
fill in the blank bfde0cff706901d_12
Cost of goods manufactured$
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b.For March, determine the cost of goods sold.
Using the data given, prepare a statement of Cost of Goods Sold.
Timbuk 3 CompanyStatement of Cost of Goods Sold
$
fill in the blank 571da9fe5fc0008_2
fill in the blank 571da9fe5fc0008_4
$
fill in the blank 571da9fe5fc0008_6
fill in the blank 571da9fe5fc0008_8
Cost of goods sold$
fill in the blank 571da9fe5fc0008_9
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