Reference no: EM132918655
The following cost information for Big Blue Skies Inc. as of March 31, 2021, are as follows:
Cost of direct material used in manufacturing $75,000
Direct labour costs 7,000
Manufacturing overhead 16,500
Sales commissions at 8% of sales 22,000
Opening finished goods inventory 5,000
Opening work-in-process inventory 7,000
Ending finished goods inventory 22,000
Ending work-in-process inventory 22,000
Required:
Problem 1: Prepare in proper from a schedule of cost of goods manufactured for the company for the month.
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: Cost of direct material used in manufacturing $75,000. Prepare in proper from a schedule of cost of goods manufactured for the company for the month.
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