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Sales $ 654,000 Direct labor cost $ 83,000 Raw material purchases $ 137,000 Selling expenses $ 102,000 Administrative expenses $ 47,000 Manufacturing overhead applied to
Sales | $ 654,000 |
---|---|
Direct labor cost | $ 83,000 |
Raw material purchases | $ 137,000 |
Selling expenses | $ 102,000 |
Administrative expenses | $ 47,000 |
Manufacturing overhead applied to work in process | $ 221,000 |
Actual manufacturing overhead costs | $ 209,000 |
Inventories | Beginning | Ending |
---|---|---|
Raw materials | $ 8,100 | $ 10,400 |
Work in process | $ 6,000 | $ 20,800 |
Finished goods | $ 77,000 | $ 25,800 |
Mason Company Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Mason Company Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold Mason Company Income Statement
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