Question
(TCO A) Honeysuckle Corporation has provided the following data for the month of January. Inventories Beginning Ending Raw materials $40,000 $23,000 Work in process $9,000
(TCO A) Honeysuckle Corporation has provided the following data for the month of January.
| Inventories | Beginning | Ending |
| Raw materials | $40,000 | $23,000 |
| Work in process | $9,000 | $13,000 |
| Finished goods | $52,000 | $45,000 |
| Additional Information | |
| Raw material purchases | $68,000 |
| Direct labor costs | $81,000 |
| Manufacturing overhead cost incurred | $47,000 |
| Indirect materials included in manufacturing overhead costs incurred | $8,000 |
| Manufacturing overhead cost applied to work in process | $39,000 |
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.
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Principles Of Econometrics
Authors: R Carter Hill, William E Griffiths, Guay C Lim
5th Edition
1118452275, 9781118452271
