Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare another sheet like this for year ended 2021 w/ just slightly different datas but are still interconnected with sheet 2020 that I made(CGM) Then

Prepare another sheet like this for year ended 2021 w/ just slightly different datas but are still interconnected with sheet 2020 that I made(CGM)

Then compare the 2, using business language (like a storytelling)

(Just for reference, our topic is about cost of goods manufactured)

image text in transcribed
A B C D E F 1 Clarkson Company 2 Cost of Goods Manufactured 3 For the year ended June 30,2020 4 rl1!19 $19,800.00 5 Direct materials 6 Raw materials inventory 7/1119 $48,000 7 Raw materials purchase 96,400 3 Less: ending raw material inventory m 9 Total direct materials $104,800 10 Direct Labor 139,250 11 Manufactured Overhead 12 Indirect Labor 24,460 13 Factory insurance 4,600 14 Factory machinery depreciation 16,000 15 Factory utilities 27,600 16 Plant manager's Salary 58,000 17 Factory property taxes 9,600 18 Factory repairs L 19 Total Manufactured overhead 141,660 20 Total manufacturing Cost $385,710 21 Total cost of work in process $405,510.00 22 Less: ending work in process M 23 Cost of goods manufactured $386,910.00 24 Quantity 100,000 25 Cost per product $3.87

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Accounting Equations & Answers

Authors: Barcharts, BarCharts Inc

1st Edition

1423218248, 9781423218241

More Books

Students also viewed these Accounting questions

Question

2. Listen to family members, and solve problems with them.

Answered: 1 week ago

Question

How do we do subnetting in IPv6?Explain with a suitable example.

Answered: 1 week ago

Question

Explain the guideline for job description.

Answered: 1 week ago

Question

What is job description ? State the uses of job description.

Answered: 1 week ago

Question

What are the objectives of job evaluation ?

Answered: 1 week ago

Question

Write a note on job design.

Answered: 1 week ago