Reference no: EM133120972
Question - Kennedy Company reported the following amounts for the year 2020.
Raw materials used $80,000
Raw Materials inventory, Jan. 1, 2020 10,000
Raw Materials inventory, Dec. 31, 2020 10,600
Direct labour used 46,000
Selling and general expenses 12,000
Work in process inventory, Jan. 1, 2020 20,000
Work in process inventory, Dec. 31, 2020 4,000
Manufacturing overhead costs applied 22,000
Required - Prepare the Cost of Goods Manufactured Schedule for Kennedy Company.
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