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
Required:
a.Prepare a Schedule of Cost of Goods Manufactured using the form below:
Washington Square Corporation
Schedule of Cost of Goods Manufactured
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