Reference no: EM132246513
Question - Annapolis Company manufactures quality boating apparel. The following selected financial information for the fiscal year 2018 is provided:
Sales $850,000
Beginning Raw Material Inventory 74,000
Direct Material Purchased 308,000
Factory Overhead 90,000
Finished Goods Inventory - January 1 144,000
Work in Process - January 1 74,000
Work in Process - December 31 98,000
Ending Raw Material Inventory 58,000
Finished Goods Inventory - December 31 168,000
Net Income 65,000
Direct Labor 155,000
Cost of Goods Sold 655,000
Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2018.
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Prepared a detailed schedule of costs of goods manufactured
: Annapolis Company manufactures quality boating apparel. Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2018
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