I submitted them in correct order. the list begining with "Begininng RM inventory is uses to fill out the schedule of cost manufactured and sold
Irresistible Ast produces collectible pleces of art The company's Raw Material inventory account includes the cost of both direct and indirect materials Account balances for the company at the beginning and end of Julyfollow July 1 July 21 Raw May 11,3048390 Work in Pretory 175.000 Fushed Godoy 16400 125.760 During the month the company purchased $787,200 ot raw material direct material used during the period amounted to 5604,800. Factory payroll costs for July were 5945,600. of which 75 percent was related to direct labor, Overhead charges for depreciation insurance, utilities, and maintenance totaled $720,000 for July b. Prepare a schedule of cost of goods sold. Note: Do not use negative signs with your answers Irresistible Art Schedule of Cost of Goods Sold For the Month Ended July 31 Beginning FG inventory $ 0 0 Goods available for sale 0 0 Cost of goods sold $ O Check b. Prepare a schedule of cost of goods sold. Note: Do not use negative signs with your answers. Irresistible Art Schedule of Cost of Goods Sold For the Month Ended July 31 Beginning FG inventory $ 0 0 Goods available for sale 0 0 ( Cost of goods sold TA $ 0 Irresistible Art Schedule of Cost of Goods Ma For the Month Ended Beginning WIP inventory $ Raw material purchased Raw material available $ Raw material used $ $ Beginning RM inventory Cost of goods manufactured Direct labor Indirect labor Less ending FG inventory Less ending RM inventory Less ending WIP inventory Less indirect material used Plus ending FG inventory Plus ending RM inventory Plus ending WIP inventory Plus indirect material used of good as with a. Prepare a schedule of cost of goods manufactured. Note: Do not use negatives signs with your answers. 0 Irresistible Art Schedule of Cost of Goods Manufactured For the Month Ended July 31 Beginning WIP inventory $ $ 0 Raw material purchased 0 Raw material available $ 0 0 Raw material used $ 0 0 Direct material used TA > 0 0 Overhead: Various Indirect material $ 0 0 0 0 Total cost to account for 0 $ 0 0 $ 0 Irresistible Art produces collectible pieces of art. The company's Raw Material inventory account includes the costs of both direct and indirect materials Account balances for the company at the beginning and end of july follow: July 1 July 31 Raw Material inventory $111.00 1320 Work in Process inventory 175,680 144000 Finished Goods inventory 30,400 125.760 July 1 July 31 law Material wentary 5111.540 3.520 Work in Process in 17500 141,000 The Goodwory 16400 INO During the month, the company purchased 1787.200 of raw materia direct material used during the period amounted to 5604,800. Factory payroll costs for July were 1945.600 of which 75 percent was related to direct labor Overhead charges for depreciation, insurance, ties, and maintenance totaled 5720.000 for July a. Prepare a schedule of cost of goods manufactured. Note: Do not use negatives signs with your answers. Irresistible Art Schedule of Cost of Goods Manufactured For the Month Ended July 31 Beginning WIP inventory 0 Raw material purchased Raw material available 0 0 0 $ Direct material used 0 0 Beginning RM inventory Cost of goods manufactured Direct labor 0 Indirect labor Less ending FG inventory 0 Less ending RM inventory Less ending WIP inventory Less indirect material used Plus ending FG inventory of goods solc Plus ending RM inventory as with your Plus ending WIP inventory Plus indirect material used Schedule of Cost of Goods Sold