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the following information is from Tulip Manufacturing Co. for the month of February: Manufacturing overhead $72,000 wed vabon $67,000 Raw materials niventory beginning $24,000 Raw
the following information is from Tulip Manufacturing Co. for the month of February: Manufacturing overhead $72,000 wed vabon $67,000 Raw materials niventory beginning $24,000 Raw matenals wventory ending $31,000 Work in process mwentory beginning $6,000 Work and process inventory, ending $7,000 Finished goods inventory beginning $101,000 Finished Goods/inventory ending $117,000 Purchases of raw materials $102,000 Sales $344,000 ALL WORK MUST BE SHOWN Required AD Prepare the Schedule of the Cost of Goods Manufactured. B) Calculate the cost of Goods Sold C) Calculate Gross Margin (you do not need to prepare a full income statement)
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