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Managerial Accounting, I have one hour please help. Exercise 2-9 At May 31, 2014, the accounts of Mantle Company show the following 1. May 1
Managerial Accounting, I have one hour please help.
Exercise 2-9 At May 31, 2014, the accounts of Mantle Company show the following 1. May 1 inventories-finished goods $14,230, work in process $17,030, and raw materials $8,530. 2. May 31 inventories-finished goods $9,830, work in process $19,000, and raw materials $7,680. 3. Debit postings to work in process were direct materials $63,120, direct labor $50,940, and manufacturing overhead applied $40,760 4. Sales revenue totaled $211,720 Prepare a condensed cost of goods manufactured schedule. MANTLE COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2014Step by Step Solution
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