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Q1. LL Company's purchases of materials during April year 2018 totaled $220,000 and the cost of goods sold for April was $690,000. Factory overhead was
Q1. LL Company's purchases of materials during April year 2018 totaled $220,000 and the cost of goods sold for April was $690,000. Factory overhead was 50% of direct labor cost. Other information pertaining to LL company's inventories and production for April is as follows:
InventoriesApril 1/2018 April 30/2018
Finished goods $204,000 $210,000
Work in process 80,000 72,000
Materials 40,00052,000
[
Required: [6pt.]
Prepare schedule of cost of goods manufactured for April 2018.
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