Prepare cost of goods manufactured and sold schedules

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Reference no: EM1346895

Prepare a schedule of cost of goods manufactured for the month.

Prepare a schedule of cost of goods sold for the month.

Purchase of raw materials 30000

Indirect materials to include manufacturing overhead 5000

Direct Labor 58000

Manufacturing Overhead applied to work in process 87000

Underapplied Overhead 4000

Inventories:

Raw materials Beginning 12000 Ending 18000

Work in process Beginning 56000 Ending 65000

Finished Goods Beginning 35000 Ending 42000

Reference no: EM1346895

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