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Part Inventory Schedules and Cost of Goods sold to points) EmilyAnne Company has the following information Direct Labor $ 60.000 Beginning Finished goods inventory 5

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Part Inventory Schedules and Cost of Goods sold to points) EmilyAnne Company has the following information Direct Labor $ 60.000 Beginning Finished goods inventory 5 10,000 Ending Finished goods inventory 5 40.000 Manufacturing Overhead Applied 590.000 Raw (direct) Materials used in Production 550.000 Beginning Work in Process inventory Ending Work in Process inventory Unapplied overhead (Underapped) Required 1. IN GOOD FORM, prepare Work in process and finished Goods inventory schedules resulting in an amount for Unadjusted Cost of Goods Sold 52.000 $ 70,000 $ 5.000 2. Use the amount of Unapplied overhead in determine the final amount of Com of Goods Sold Emily Anne Company Inventory Schedules and cost of Goods Sold Beginning Work In Process Inventory $28.000 Cost of Goods Manufactured Unadjusted Cost of Goods Sol Cost of Goods Sold

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