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Statement of Cost of Goods Manufactured from Percent Relationships Information about NuWay Products Company for the year ending December 3 1 , 2 0 1
Statement of Cost of Goods Manufactured from Percent Relationships
Information about NuWay Products Company for the year ending December follows:
Sales equal $
Direct materials used total $
Manufacturing overhead is percent of direct labor dollars.
The beginning inventory of finished goods is percent of the cost of goods sold.
The ending inventory of finished goods is twice the beginning inventory.
The gross profit is percent of sales.
There is no beginning or ending workinprocess.
Prepare a statement of cost of goods manufactured for Hint: Prepare an analysis of changes in Finished Goods Inventory.prepare a statement of cost of goods manufactured for Hint: Prepare an analysis of changes in Finished Goods Inventory.
Do not use negative signs with any of your answers below.
tabletableNuWay Products Companytatement of Cost of Goods ManufacturedFor the Year Ending December Current manufacturing costs:,Direct materials,$
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