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Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations follow: Beginning raw material inventory $340,000 Purchase of
Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations follow:
Beginning raw material inventory | $340,000 |
Purchase of raw material | 870,000 |
Ending raw material inventory | 210,000 |
Direct labor | 245,000 |
Manufacturing overhead | 560,000 |
Beginning work-in-process inventory | 150,000 |
Ending work-in-process inventory | 170,000 |
Required:
Prepared in good form a schedule of cost of goods manufactured for the company for the month.
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