P ROBLEM 1 Jones Corporation has the following cost records for May 2009 Indirec
ID: 2502991 • Letter: P
Question
PROBLEM 1
Jones Corporation has the following cost records for May 2009
Indirect factory labor
$ 7,000
Advertising Expense
$ 8,000
Direct materials used
10,000
Depreciation, factory equipment
3,200
Work in process, 5/1/09
4,000
Direct labor
13,000
Work in process, 5/31/09
5,800
Maintenance, factory equipment
1,000
Factory supervisor
PROBLEM 1
Jones Corporation has the following cost records for May 2009
Indirect factory labor
$ 7,000
Advertising Expense
$ 8,000
Direct materials used
10,000
Depreciation, factory equipment
3,200
Work in process, 5/1/09
4,000
Direct labor
13,000
Work in process, 5/31/09
5,800
Maintenance, factory equipment
1,000
Factory supervisor
Explanation / Answer
Hi,
Please find the detailed answer as follows;
Cost of Goods Manufactured
Schedule For the Year Ended May 31, 2009
Direct Materials Used
10000 Direct Labor
13000 Manufacturing Overheads
Indirect Factory Labor 7000
Factory Supervisor
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.