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iPad 3:30 PM 62%- edugen.wileyplus.com Instagram H... What ean I. Instagram H... chattanoog | McKamey A | Reset Pass | WileyPLUS A2 May 31, 2014, the accounts of Mantle Company shon the following . May 1 inventories-finished goods $15,670, work in process $16,260, and raw materials $8,400 2. May 31 inventories-finished goods $9,880, work in process $19,000, and raw materials $7,570 3. Debit pestings to work in process were direct materials $63, 180, direct labor $50,570, and manufacturing overhead Exercise 152 applied $40,940 4. Sales revenue totaled $211,160 O Exercise 15-5(Part Prepare a condensed cost of goods manvufactured schedule Ercise 35-7 Exercise 15-11 Review Results by Study Prepare an income statement for May through gross profit NTLE COMPANY Partial) lacemw Statement Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2014 inventories wil be reported in ( D as follows: Finished In the May 31 balance sheet, the manufacturing inventories will be reported inas folows: Finished goods s Work in Process , and Raw MaterialsExplanation / Answer
statement of cost of goods manufactured
For period ending XXXX
Direct Materials Used
Materials Inventory, Beginning 8400
Direct Materials Purchased 63180
Less materials inventory, ending (7570 )
Cost of Direct Materials Used 64010
Direct Labor 50570
Manufacturing Overhead 40940
Total Manufacturing Costs 155520
Add Beginning work in process inventory 16260
Less Ending work in process inventory (19000)
Cost of Goods Manufactured 152780
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