Solution-Prepare a schedule of cost of goods manufactured

Prepare a schedule of cost of goods manufactured

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Reference no: EM133185937

Question - Lovely Inc. reported the following data for last year ended December 31, 2022:

Work in process inventory, ending $350

Finished goods inventory, beginning 300

Maintenance, factory 200

Direct labour cost 500

Selling salaries 375

Direct materials cost 800

Work in process inventory, beginning 200

Depreciation, factory 350

Depreciation, sales equipment 150

Finished goods inventory, ending 400

Required -

1) Prepare a Schedule of Cost of Goods Manufactured, in good form, for last year.

2) Calculate the cost of goods sold.

Reference no: EM133185937

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Prepare a schedule of cost of goods manufactured

Reference no: EM133185937

Reference no: EM133185937

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