Find inventory schedules and cost of goods sold

Assignment Help Managerial Accounting

Reference no: EM132713660

EmilyAnne Company has the following information:

Direct Labor $ 80,000

Beginning Finished goods inventory $ 10,000

Ending Finished goods inventory $ 40,000

Manufacturing Overhead Applied $ 90,000

Raw [direct] Materials Used in Production $ 50,000

Beginning Work in Process Inventory $ 30,000

Ending Work in Process inventory $ 72,000

OVERapplied Manufacturing Overhead $ 8,000

Required

Problem 1: Inventory Schedules and Cost of Goods Sold

Reference no: EM132713660

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