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The following information is available for Crane Company at December 31, 2022: 1. Inventory balance Beginning of Year End of Year Finished Goods $17,640 $12,600
The following information is available for Crane Company at December 31, 2022: 1. Inventory balance Beginning of Year End of Year Finished Goods $17,640 $12,600 Work in Process 7,560 15,120 Raw Materials 12,978 8,190 2. Debit postings to Work in Process Inventory during the year were: Direct materials $113,400 Direct labor 75,600 Manufacturing overhead applied 94,500 3. Sales totaled $390,600 for the year. (a) Prepare a condensed cost of goods manufactured schedule. CRANECOMPANY Cost of Goods Manufactured Cost of Goods Manufactured Schedule December 31, 2022 Work In Process Inventory, January 1 $ Direct Materials Used Direct Labor Less Work In Process Inventory, December 31 Total Cost of Work In Process Inventory $
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