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edugen.wileyplus.com Chegg Study | Guided Solutions and Study Help | Chegg.com Duggan Company Applies Manufacturing Overhead To J Ouggan Company Applies Manufacturing Overhead To... mlcyPLUS Return to Blackboard Weygandt, Accounting Principles, 12e PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Exercise 20-9 (Part Level Submission) At May 31, 2017, the accounts of Lopez Company show the following. New Assi Exercise 20-2 Level Submission) Exercise 20-9 (Pa Level Submission Problem 20-1A (Part 1. May 1 inventories-finished goods 13,200, work in process $15,000, and raw materials $8,700. 2. May 31 inventories-finished goods $9,800, work in process $16,500, and raw materials $7,300. 3. Debit postings to work in process were direct materials $63,100, direct labor $50,900, and manufacturing overhead applied $42,900 4. Sales revenue totaled $216,500. (a) Your answer is correct. Obiective Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY of Goods Schedule For the Month Ended May Work in Process, May 1 500O Direct Materials Used 50900 429t0 Tocal Manufacturing Costs 156900 Total C Work in Process 171900 Less Work in Process, May 31 Cost of Goods Marufactured 155400

Explanation / Answer

C) Balance sheet schedule :

Current Assets Inventories Raw material inventory 7300 Work in proess inventory 16500 Finished goods inventory 9800 Total inventories 33600

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