Question
Purple Bear, Inc. produces boat motors. Janice Smyth, the company's controller has provided you with the following information. Beginning balance, Direct Materials Inventory $80,300 Ending
Purple Bear, Inc. produces boat motors. Janice Smyth, the company's controller has provided you with the following information.
Beginning balance, Direct Materials Inventory | $80,300 |
Ending balance, Direct Materials Inventory | 66,500 |
Beginning balance, Work in Process Inventory | 126,500 |
Ending balance, Work in Process Inventory | 140,300 |
Direct Labor | 793,100 |
Manufacturing Overhead | 354,600 |
Direct materials purchased | 848,400 |
Using the above cost information, prepare a cost of goods manufactured schedule.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
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