Question
The following data have been taken from the accounting records of Island Corporation for the just completed year. Sales $870,000 Purchases of raw materials $190,000
The following data have been taken from the accounting records of Island Corporation for the just completed year.
Sales $870,000
Purchases of raw materials $190,000
Direct labor $200,000
Manufacturing overhead $230,000
Administrative expenses $150,000
Selling expenses $140,000
Raw materials inventory, beginning $10,000
Raw materials inventory, ending $40,000
Work in process inventory, beginning $20,000
Work in process inventory, ending $50,000
Finished goods inventory, beginning $90,000
Finished goods inventory, ending $130,000
Required:
Can you please show a schedule of cost of goods manufactured for the year 2019 (calendar year).
Note: Hand written answers will be great.
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