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The following costs and inventory data were taken from the accounts of Crane Company for 2022: (Assume all raw materials us were direct materials.)
The following costs and inventory data were taken from the accounts of Crane Company for 2022: (Assume all raw materials us were direct materials.) Inventories: January 1, 2022 December 31, 2022 Raw materials $ 8,320 $ 7,280 Work in process 15,600 13,520 Finished goods 16,640 12,480 Costs incurred: Raw materials purchases $ 101,920 Direct labor 43,680 Factory rent Factory utilities Indirect materials Indirect labor Operating expenses 8,320 10,400 6,240 9.360 17,680 Work in Process Inventory, Beginning Raw Materials Purchases Total Manufacturing Costs Direct Materials Used Raw Materials Available for Use Raw Materials Inventory, Ending Raw Materials Inventory, Beginning Manufacturing Overhead Total Cost of Work in Process Work in Process Inventory, Ending Cost of Goods Manufactured Direct Materials Direct Labor Prepare a schedule of Cost of Goods Manufactured for Crane Company for the year ended December 31, 2022 in good form. CRANE COMPANY Schedule of Cost of Goods Manufactured
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Schedule of Cost of Goods Manufactured CRANE COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 2022 Direct Materials Raw materials inventorybeginning8320 Raw materials purc...Get Instant Access to Expert-Tailored Solutions
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