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The following nancial information is for Da nville Company. (Note that the most current nancial information is presented in the rst column.} December 31,2021 December
The following nancial information is for Da nville Company. (Note that the most current nancial information is presented in the rst column.} December 31,2021 December 31,2020 Raw materials inventory 5 8,000 $ 10,000 Work-in-process inventory $600,000 $550,000 Finished goods inventory $350,000 $410,000 Of the total raw materials placed in production for the year, $12,000 was for indirect materials. The company also had the following costs for the year: Selling $ 90,000 General and administrative $240,000 Raw materials purchases $100,000 Direct labor used in production $125,000 Manufacturing overhead $630,000 Required: (See gure 1.? on p. 48 in the PDF text for examples of each of these schedules). 1. Prepare a schedule of raw materials placed in production for the year ended December 31, 2021. 2. Prepare a schedule of cost of goods manufactured for the year ended December 31, 2021. 3, Prepare a schedule of cost of goods sold for the year ended December 31, 2021
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