n Course: 2018 Spring ECC ×/tf WileyPLUS Secure l https://edugen.wileyplus.com/e

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n Course: 2018 Spring ECC ×/tf WileyPLUS Secure l https://edugen.wileyplus.com/edugen/student/mainfr.uni US Kimmel, Accounting, 6e & Practice Gradebook ORION Downloadable eTextbook Assignment RCES Do it! Review 14-3 The following information is available for Tomlin Company ent April 1 April 30 $10,000 $13,500 5,400 3,710 on) Raw materials inventory Work in process inventory Materials purchased in April Direct labor in April $98,000 80,300 156,000 d Manufacturing overhead in April Prepare the cost of goods manufactured schedule for the month of April. TOMLIN COMPANY Cost of Goods Manufactured Schedule Privacy Policy I 2000-2018 John Wiley.&.Sons Ins. All Rights Reserved. A Division of 2ohn Wiley &Sons; Ins

Explanation / Answer

Statement of cost of goods manufactured

Work in process opening 5400 Direct Material a. Raw material opening 10000 b. Add : Raw material purchased 98000 c. Less: Raw material closing 13500 Direct material used (a+b-c) 94500 Add : Direct labour 80300 Add : Manfatucring overhead 156000 Total manufacturing cost 330800 Total WIP cost 336200 Less : Closing WIP 3710 Cost of goods manufactured 332490

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