the data The following The Falcon Company does not moinain backup documenns for
ID: 2437429 • Letter: T
Question
the data The following The Falcon Company does not moinain backup documenns for its computer iles, In June, some of the current data were lost, and you have been asked to help reconstruct beginning belances on June 1 are known work-in-Process Invemory Finished Goods Invemory Menufactuning Ovahead Control Accounts Paysble 12,600 5300 12.600 22.500 6,600 The production superintendents job eost sheets indicated thetls of $3.200 for the yos n process on June s were icldedi the 30 Work-in Process Inventory Also, 360 drect labor hours hed been paid ar $6 00 per hour The Accoums Paysble account is only dinct material purchases The ndcmed payme of 46.000 were made to spplers ne balance n she Accounts Payable on June 30 was 58,600 An analyss of canceled checis Payroll records ndcm, ter SMO direct labor hours were recorded for Me h cturing oveed cost O 590000 O 5105 200 O s9200Explanation / Answer
Cost of Goods Sold = Beginning Finished Good Inventory + Cost of Goods Manufactured - Ending Finished Good Inventory
90000 = 12600 + Cost of Goods Manufactured - 17200
90000 = Cost of Goods Manufactured - 4600
Cost of Goods Manufactured = 90000 + 4600
Cost of Goods Manufactured = 94600
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