Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the ending inventorys finished good is 20,000 Sales were $420,000 for the month. Sales prices are determined by a markup on manufacturing cost of 40%.
the ending inventorys finished good is 20,000
Sales were $420,000 for the month. Sales prices are determined by a markup on manufacturing cost of 40%. The costs of new inputs to the manufacturing process during the month were $289,800. (a) Calculate the missing values in the schedule below. Work in Process Finished Good: Materials $104.400 urchases eginning Inventory 17,600 $8,500 nding Inventory (a) 18.100 20 Direct Materials Used 90,300 Direct Labour (b) fanufacturing Overhead (including direct materials of $9.800) 115,800 ransferred to Finished Goods (c) ost of Goods Sold Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started