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The accounting records of Falcon Company revealed the following information: Raw materials used $ 63,000 Direct labor 128,000 Manufacturing overhead 363,000 Work-in-process inventory, 1/1 53,000
The accounting records of Falcon Company revealed the following information:
| Raw materials used | $ | 63,000 | |
| Direct labor | 128,000 | ||
| Manufacturing overhead | 363,000 | ||
| Work-in-process inventory, 1/1 | 53,000 | ||
| Finished-goods inventory, 1/1 | 192,000 | ||
| Work-in-process inventory, 12/31 | 79,000 | ||
| Finished-goods inventory, 12/31 | 143,000 | ||
Falcon's cost of goods manufactured is:
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
