Question
The following data has been taken from the accounting records of Curtis Manufacturing Company for the current year: Sales: $600,000 Purchases of raw materials: 350,000
The following data has been taken from the accounting records of Curtis Manufacturing Company for the current year:
Sales: $600,000
Purchases of raw materials: 350,000
Direct labor cost during period: 120,000
Manufacturing overhead incurred during period: 60,000
Raw Materials Inventory, beginning: 20,000
Raw materials Inventory, ending: 25,000
Work in Process Inventory, beginning: 47,000
Work in Process Inventory, ending: 32,000
Finished Goods Inventory, beginning: 75,000
Finished Goods Inventory, ending: 82,000
A. Compute the amount of raw materials moved into production during the period.
B. Compute the amount transferred to finished goods during the period.
C. Compute the amount of goods sold during the period.
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