Question
The following data (in thousands of dollars) have been taken from the accounting records of Washington Square Corporation for the just completed year. Sales $1500
The following data (in thousands of dollars) have been taken from the accounting records of Washington Square Corporation for the just completed year.
Sales $1500
Purchases of raw materials $300
Direct labor $200
Manufacturing overhead $250
Administrative expenses $60
Selling expenses $40
Raw materials inventory, beginning $20
Raw materials inventory, ending $100
Work in process inventory, beginning $25
Work in process inventory, ending $30
Finished goods inventory, beginning $ 200
Finished goods inventory, ending $175
Schedule of Cost of Goods Manufactured using the form below:
Washington Square Corporation And Schedule of Cost of Goods Manufactured
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