Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pirkl Corporation has provided the following data for the month of March: Inventories Beginning Ending Raw materials $ 28,000 $ 37,000 Work in process $

Pirkl Corporation has provided the following data for the month of March:
Inventories Beginning Ending
Raw materials $ 28,000 $ 37,000
Work in process $ 14,000 $ 22,000
Finished goods $ 49,000 $ 34,000

Additional Information:

Raw materials purchases $ 73,000
Direct labor cost $ 88,000
Manufacturing overhead cost incurred $ 42,800
Indirect materials included in manufacturing overhead cost incurred $ 6,500
Manufacturing overhead cost applied to work in process $ 44,200
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. (Input all amounts as positive values. Omit the "$" sign in your response.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions