The following information is from ABC Companys general ledger: Beginning and ending inventories, respectively, for raw materials were $9,600 and $11,600 and for work in process were $21,600 and $23,600. Raw material purchases and direct labor costs incurred were $37,600 each, and manufacturing overhead applied amounted to $21,600.
Required: Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by a minus sign.)
The following information is from ABC Company's general ledger: Beginning and ending Inventories, respectively, for raw materials were $9,600 and $11,600 and for work in process were $21,600 and $23,600. Raw material purchases and direct labor costs incurred were $37,600 each, and manufacturing overhead applied amounted to $21,600. Required: Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by a minus 1.78/2.5 points awarded sign.) Scored eBook ABC COMPANY Statement of Cost of Goods Manufactured Raw materials: Raw materials inventory, beginning $ 9,600 Purchases 37,600 Raw materials inventory, ending (11,600) Raw materials available for use 35,600 Add: Raw materials inventory, ending 37,600 S Cost of raw materials used Manufacturing overhead applied 73,200 21,600 Total manufacturing costs Add: Work-in-process, beginning Less: Work-in-process, ending 94,800 21,600 (23,600) manufactured Cost of goods manufactured S 92,800 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. a call or a formula-based calcun The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw materials were $9,600 and $11,600 and for work in process were $21,600 and $23,600. Raw material purchases and direct labor costs incurred were $37,600 each, and manufacturing overhead applied amounted to $21,600. Required: Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by a minus sign.) ABC COMPANY Statement of Cost of Goods Manufactured Raw materials: Raw materials inventory, beginning $ 9,600 Purchases 37,600 Raw materials inventory, ending (11,600) Raw materials available for use 35,600 Add: Work-in-process, beginning 37,600 $ 73,200 21,600 Add: Raw materials inventory, ending Add: Work-in-process, beginning Add: Work-in-process, ending Less: Raw materials inventory, ending 94,800 21,600 (23,600) Less: Work-in-process, ending Cost of goods manufactured $ 92,800 The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw materials were $9,600 and $11,600 and for work in process were $21,600 and $23,600. Raw material purchases and direct labor costs incurred were $37,600 each, and manufacturing overhead applied amounted to $21,600. Required: Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by a minus sign.) ABC COMPANY Statement of Cost of Goods Manufactured Raw materials: Raw materials inventory, beginning $ 9,600 Purchases 37,600 (11,600) Direct labor cost incurred 35,600 Manufacturing overhead applied 37,600 Purchases $ Raw materials inventory, beginning Raw materials inventory, ending 73,200 21,600 Total manufacturing costs Add: Work-in-process, beginning Less: Work-in-process, ending 94,800 21,600 (23,600) Cost of goods manufactured $ 92,800
