Question

Exercise 20-09 a-c (Part Level Submission) At May 31, 2020, the accounts of Sandhill Company show the following. 1. May 1 inventories-finished goods $15,100, work in process $16,400, and raw materials $9,300. 2. May 31 inventories-finished goods $9,700, work in process $17,100, and raw materials $7,400. 3. Debit postings to work in process were direct materials $64,800, direct labor $52,000, and manufacturing overhead applied $42,800. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,800. (a) Prepare a condensed cost of goods manufactured schedule. SANDHILL COMPANY Cost of Goods Manufactured Schedule $

Answer 1

Answer-a)-

SANDHILL COMPANY
COST OF GOODS MANUFACTURED SCHEDULE
PARTICULARS	AMOUNT
	$
Beginning Raw Materials Invenotry	9300
Add- Raw Material Purchases	64800
Total raw materials available	74100
Less-Ending Raw Material Inventory	7400
Raw Materials Used in production	66700
Direct Labor	52000
Manufacturing Overhead applied to work in process	42800
Total current manufacturing costs	161500
Add- Beginning Work in Process Invenotry	16400
Total work in process	177900
Less- Ending Work in Process Invenotry	17100
Cost of goods manufactured	160800