Question
Lily Corporation has the following cost records for June 2020. Indirect factory labor $5,490 Factory utilities $490 Direct materials used 21,980 Depreciation, factory equipment 1,500
Lily Corporation has the following cost records for June 2020.
Indirect factory labor | $5,490 | Factory utilities | $490 | |||
Direct materials used | 21,980 | Depreciation, factory equipment | 1,500 | |||
Work in process, 6/1/20 | 3,250 | Direct labor | 42,400 | |||
Work in process, 6/30/20 | 4,400 | Maintenance, factory equipment | 1,880 | |||
Finished goods, 6/1/20 | 5,550 | Indirect materials | 2,930 | |||
Finished goods, 6/30/20 | 7,830 | Factory manager’s salary | 3,770 |
Prepare a cost of goods manufactured schedule for June 2020.
LILY CORPORATION Cost of Goods Manufactured Schedule $
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
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