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Pirkl Corporation has provided the following data for the month of March: Inventories Beginning Ending Raw materials $25,000 $30,000 Work in Progress $16,000 $18,000 Finished
Pirkl Corporation has provided the following data for the month of March:
| Inventories | Beginning | Ending |
| Raw materials | $25,000 | $30,000 |
| Work in Progress | $16,000 | $18,000 |
| Finished Goods | $36,000 | $59,000 |
Additional Information:
| Raw materials purchases | $71,000 |
| Direct labor cost | $83,000 |
| Manufacturing overhead cost incurred | $74,000 |
| Indirect materials included in manufacturing overhead cost incurred | $5,000 |
| Manufacturing overhead cost applied to Work in Process | $71,000 |
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.
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Financial Reporting The Theoretical And Regulatory Framework
Authors: D A V I D Alexander
2nd Edition
0412357909, 978-0412357909
