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Required information [The following information applies to the questions displayed below.] You have been asked by the CEO of Mountaineer Co. to assist in analyzing
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[The following information applies to the questions displayed below.] You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis.
Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $150,000 $200,000 s25,000 $50,000 $75,000 $100,000 $125,000 $175,000 Work in Process & Finished Goods Inventories Finished Goods wWork in Frecess Rent expanse-Factory s50,000 54,000 s0, $40,000 43,000 Repairs xp -atiory $30,000 33.00 Faciory supplies Factory s20,000 utilities malerials) $10,000 ginning Ending giing Ening Indirect labor Additional Data Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 Sales and Select Expense Accounts Sales Salling expansas secc.cco so $200,000 s400,000 ss00,000 $1000,000 Required information Mountaineer Co. Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials inventory. beginning Raw materials purchases Raw materials available for use 0 Less: Raw materials inventory, ending $ Direct materials used 0 Direct labor Factory overhead Rent expense Factory Factory utilities Indirect labor Repairs expense Factory Total factory overhead costs Total manufacturing costs 0 Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured CStep by Step Solution
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