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Prepare a schedule of cost of goods manufactured

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Reference no: EM13530993

1)Weisinger Corporation has provided the following data for the month of January:

Inventories: Beginning Ending
Raw Materials-------------------- $28,000 $29,000
Work in process----------------- $16,000 $14,000
Finished goods------------------ $42,000 $54,000

Additional information:
Raw materials purchase---------------------------------------------------------- $56,000
Direct labor cost------------------------------------------------------------------- $87,000
Manufacturing overhead cost incurred------------------------------------- $51,000
Indirect materials included in manufacturing overhead cost incurred $3,000
Manufacturing overhead cost applied to Work in process------------ $55,000

Required:

Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.

Reference no: EM13530993

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