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Prepare a detailed schedule of Cost of Goods Manufactured for FY 16 Bravo Company manufactures quality gentlemen's clothing. The following selected financial information for the
Prepare a detailed schedule of Cost of Goods Manufactured for FY 16
Bravo Company manufactures quality gentlemen's clothing. The following selected financial information for the fiscal year 2016 is provided: Item Amount Sales $100,000 75,000 30,000 10,000 30,000 15,000 10,000 Cost of Goods Manufactured Direct Material Purchased Factory Overhead Work in Process January 1 Work in Process December 31 Direct Material December 31 Finished Goods Invent ory 60,000 December 31 Net Income 15,000 30,000 55,000 Direct Materials used Cost of Goods Sold Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2016: (Round dollar values &enter as whole dollars onlyStep by Step Solution
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