Question
The account balances below were taken from the accounting records of Oxendine Manufacturing Company for the month of October 2020. Prepare a schedule of cost
The account balances below were taken from the accounting records of Oxendine Manufacturing Company for the month of October 2020. Prepare a schedule of cost of goods manufactured for the month ended. List each overhead item separately. Because the submission box is is an open space, formatting is not graded. Feel free to use just one column. The double-sided arrow at the bottom will give you a full screen. Click ESC to exit the full screen. Account Balances Finished Goods Inventory, October 31 $42,000 Factory Supervisory Salaries 14,000 Income Tax Expense 18,000 Raw Materials Inventory, October 1 13,000 Work In Process Inventory, October 31 25,000 Sales Salaries Expense 14,000 Factory Depreciation Expense 7,000 Finished Goods Inventory, October 1 35,000 Raw Materials Purchases 105,000 Work In Process Inventory, October 1 15,000 Factory Utilities Expense 5,000 Direct Labor 77,000 Raw Materials Inventory, October 31 20,000 Sales Returns and Allowances 5,000 Indirect Labor 19,000
The account balances below were taken from the accounting records of Oxendine Manufacturing Company for the month of October 2020. Prepare a schedule of cost of goods manufactured for the month ended. List each overhead item separately. Because the submission box is is an open space, formatting is not graded. Feel free to use just one column. The double-sided arrow at the bottom will give you a full screen. Click ESC to exit the full screen. Account Balances Finished Goods Inventory, October 31 $42,000 Factory Supervisory Salaries 14,000 Income Tax Expense 18,000 Raw Materials Inventory, October 1 13,000 Work In Process Inventory, October 31 25,000 Sales Salaries Expense 14,000 Factory Depreciation Expense 7,000 Finished Goods Inventory, October 1 35,000 Raw Materials Purchases 105,000 Work In Process Inventory, October 1 15,000 Factory Utilities Expense 5,000 Direct Labor 77,000 Raw Materials Inventory, October 31 20,000 Sales Returns and Allowances 5,000 Indirect Labor 19,000Step by Step Solution
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