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Schedule of cost of goods manufactured. I'm so lost on how to do this. Can someone help fill out the accounts and walk me through
Schedule of cost of goods manufactured. I'm so lost on how to do this. Can someone help fill out the accounts and walk me through the steps?
Inventories:
Beginning
Ending
Raw Materials
$14,000 beginning
$6,500 ending
Work-in-Process
0 beginning
2,000 ending
Finished goods
0 beginning
5,600 ending
Other information:
Raw materials purchases
$38,000
Plant janitorial services
300
Sales salaries
5,600
Delivery costs
1,700
Sales revenue
115,000
Utilities for plant
1,000
Rent on plant
11,000
Customer service hotline costs
1,800
Direct labor
19,000
Yummy Treats manufactures its own brand of pet chew bones. At the end of December 2016, the accounting records showed the following: (Click the icon to view the accounting records.) Read the reauirements Requirement 1. Prepare a schedule of cost of goods manufactured for Yummy Treats for the year ended December 31, 2016. (For accounts with a $0 balance, make sure to enter "O" in the appropriate column.) Yummy Treats Schedule of Cost of Goods Manufactured Year Ended December 31. 2016 Direct Materials Used: Direct Materials Used Manufacturing Overhead Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods ManufacturedStep by Step Solution
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