Question
Santana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions
Santana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs. Work in process inventory, beginning $ 0 Work in process inventory, ending $ 580 Finished goods inventory, beginning $ 0 Finished goods inventory, ending $ 370 Direct materials used $ 2,200 Direct labor $ 1,100 Factory overhead $ 470 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022.
Santana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the ollowing manufacturing costs. 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the nonth ended January 31, 2022 Classify the following manufacturing costs of Business Solutions as Dranara a crhotula if rnet of nnnte manufarturat for Refer to the data in part 2 and prepare the cost of goods sold see the month ended Januarv 31.2022Step by Step Solution
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