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The following information is available for Oriole Company at December 31, 2022: 1. Inventory balance Beginning of Year End of Year Finished Goods $15,400 $11,000
The following information is available for Oriole Company at December 31, 2022:
1. | Inventory balance | Beginning of Year | End of Year | ||||||
---|---|---|---|---|---|---|---|---|---|
Finished Goods | $15,400 | $11,000 | |||||||
Work in Process | 6,600 | 13,200 | |||||||
Raw Materials | 11,330 | 7,150 |
2. | Debit postings to Work in Process Inventory during the year were: | |||||
Direct materials | $99,000 | |||||
Direct labor | 66,000 | |||||
Manufacturing overhead applied | 82,500 | |||||
3. | Sales totaled $341,000 for the year. |
Prepare a condensed cost of goods manufactured schedule.
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