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ID: 2549759 • Letter: F
Question
Fle Edit V Tools Window Help Download Firefox-Free W | | a Search 4 Chapter Test Caloulator Zoe Corporation has the following information for the month of March MC.18-088 MC.18-082 5. MC.18-084 6. MC.18-124 7. MC.18-125 8. MC.18-095 92,000 6,000 Materialis inventory,March 1 Materiais inventory, March 31 Direct labor 25,000 37,000 22,000 overhead n process inventory, March 1 goods inventory, March 1 21,000 9. MC 18-128 Finished goods inventory, March 31 57,000 9,000 10. MC.18-118 expenses MC18-136 nts as the rnters. a. Prepare ascheAle ofcost of goods mardetued. trter oe Corporation Statement of Cost ofGoods Manufactured 13. MC.18-145 Progress: 16/16 items
Explanation / Answer
Schedule of cost of goods manufactured :
Prepare income statement :
c) Inventory balance :
Beginning work in process 22000 Direct material Beginning Material 6000 Material purchase 92000 Total material available 98000 Less; Ending material (8000) Material used 90000 Direct labour 25000 Applied overhead 37000 Total manufacturing cost 152000 Total cost of work in process 174000 Less; Ending work in process (23500) Cost of goods manufactured 150500Related Questions
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