Question
PA 5. LO 4.5Complete the information in the cost computations shown here:Three cost computation charts .Raw Materials chart: Beginning Raw Materials Inventory $342, Minus Purchases
PA 5. LO 4.5Complete the information in the cost computations shown here:Three cost computation charts .Raw Materials chart: Beginning Raw Materials Inventory $342, Minus Purchases 1533 equals Materials available for use ? then subtract Ending Raw Materials Inventory of 321 to get Materials Used in Production ?. Work In Process Inventory chart: Beginning WIP Inventory $932 plus Materials used in production ? plus Direct Labor 1535 plus Overhead Applied ?, equals Manufacturing costs Incurred 22,441. Then subtract Ending WIP Inventory 935 to get Cost of Goods Manufactured ?. Finished Goods Inventory chart: Beginning Finished Goods Inventory of ? plus Cost of Goods Manufactured of ? equals Goods Available for Sale of 25,002. Then subtract Ending Finished Goods
PA 5. LO 4.5 Complete the information in the cost computations shown hereStep by Step Solution
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