Solution-Prepare Schedule of Cost of Goods Manufactured

Prepare Schedule of Cost of Goods Manufactured

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Reference no: EM133038883

Question - Custom Hot Rods, Inc. has provided you the January 2021 account balances listed below:

Account Balances Finished Goods Inventory, January 31 $41,365

Factory Supervisory Salaries 14,855

Income Tax Expense 6,440

Raw Materials Inventory, January 1 11,635

Work In Process Inventory, January 31 21,475

Sales Salaries Expense 11,224

Factory Depreciation Expense 3,600

Finished Goods Inventory, January 1 35,875

Raw Materials Purchases 124,850

Work In Process Inventory, January 1 17,880

Factory Utilities Expense 5,248

Direct Labor 86,335

Raw Materials Inventory, January 31 23,540

Sales Returns and Allowances 5,150

Indirect Labor 29,710

Required - Prepare Schedule of Cost of Goods Manufactured for Custom Hot Rods, Inc. for the month ended January 31, 2021.

Reference no: EM133038883

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Prepare Schedule of Cost of Goods Manufactured

Reference no: EM133038883

Reference no: EM133038883

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