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Information from the records of the Barry Corporation for the month of June 2018 is as follows: Information from the records of the Barry Corporation
Information from the records of the Barry Corporation for the month of June 2018 is as follows:
Information from the records of the Barry Corporation for the month of June 2018 is as follows: Direct labor Factory overhead Purchases of direct materials Sales $72,000 65,000 94,000 325,000 Selling and administrative expenses 34,000 Inventories June 1 June 30 Direct materials Work in process Finished goods $28,000 12,000 19,000 $32,000 15,000 18,000 Assume no income taxes Required a. Calculate cost of goods manufactured for the month of June. b. Calculate cost of goods sold for the month of June. c. Prepare an absorption costing income statement for the month of June. d. Calculate prime costs for the month of June. e. Calculate the conversion costs for the month of JuneStep by Step Solution
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