Question
The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031 2030 2031 Materials Inventory 60,000
The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031
| 2030 | 2031 |
Materials Inventory | 60,000 | 90,000 |
Work in Process Inventory | 34,000 | 35,000 |
Finished Goods Inventory | 46,000 | 36,000 |
Accrued Payroll | 6,200 | 7,000 |
The following amounts appeared in the companys income statement for 2031:
Material used | 600,000 |
Cost Goods Sold | 1,840,000 |
Direct Labor | 410,000 |
Indirect Labor | 140,000 |
1. Compute the cost of goods manufactured
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Question 21 pts
The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031
| 2030 | 2031 |
Materials Inventory | 60,000 | 90,000 |
Work in Process Inventory | 34,000 | 35,000 |
Finished Goods Inventory | 46,000 | 36,000 |
Accrued Payroll | 6,200 | 7,000 |
The following amounts appeared in the companys income statement for 2031:
Material used | 600,000 |
Cost Goods Sold | 1,840,000 |
Direct Labor | 410,000 |
Indirect Labor | 140,000 |
2. the payment of payroll
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Question 31 pts
The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031
| 2030 | 2031 |
Materials Inventory | 60,000 | 90,000 |
Work in Process Inventory | 34,000 | 35,000 |
Finished Goods Inventory | 46,000 | 36,000 |
Accrued Payroll | 6,200 | 7,000 |
The following amounts appeared in the companys income statement for 2031:
Material used | 600,000 |
Cost Goods Sold | 1,840,000 |
Direct Labor | 410,000 |
Indirect Labor | 140,000 |
3. Materials Purchases
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Question 41 pts
The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031
| 2030 | 2031 |
Materials Inventory | 60,000 | 90,000 |
Work in Process Inventory | 34,000 | 35,000 |
Finished Goods Inventory | 46,000 | 36,000 |
Accrued Payroll | 6,200 | 7,000 |
The following amounts appeared in the companys income statement for 2031:
Material used | 600,000 |
Cost Goods Sold | 1,840,000 |
Direct Labor | 410,000 |
Indirect Labor | 140,000 |
4. Total Manufacturing Cost.
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