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Prepare a condensed cost of goods manufactured schedule

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Reference no: EM131559540

Exercise -

At May 31, 2014, the accounts of Mantle Company show the following.

1. May 1 inventories - ?nished goods $14,640, work in prom $16,600, and raw materials $8,670.

2. May 31 inventories - ?nished goods $9,380, work in prom-55 $20,000r and raw materials $7,970.

3. Debit postings tn work In prom-s were direct materials $62,580, direct labor $52,430, and manufacturing overhead applied $41,030.

4. Sales revenue totaled $211,880.

Prepare a condensed cost of goods manufactured Schedule.

Reference no: EM131559540

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