Solution-Prepare a schedule for cost of good manufactured

Prepare a schedule for cost of good manufactured

Reference no: EM131784909

The following information was taken from the accounts of ABC Corp on December 31, 2010:

			1/1/2010	12/31/2010
			Beginning Inventory	Ending Inventory
Inventories:
	Raw materials		30,000	26,000
	Work-in-progress		24,000	25,000
	Finished goods		15,000	20,000

Costs incurred:	Purchase of raw materials	150,000
	Direct labor	60,000
	Rent, factory	40,000
	Utilities, factory	10,000
	Indirect materials	5,000
	Indirect labor	12,000
	Selling expenses	21,000
	Administrative expenses	26,000

Prepare a schedule for Cost of Good Manufactured for 2010.

Reference no: EM131784909

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Prepare a schedule for cost of good manufactured

Reference no: EM131784909

Reference no: EM131784909

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