XYZ has the following account balances in its general ledger for the month ending November 30 2018. Beginning...

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XYZ has the following account balances in its general ledger for the month ending November 30 2018. Beginning...

XYZ has the following account balances in its general ledger for the month ending November 30 2018.

Beginning Work in Process Inventory $50,000

Direct Material Used $110,000

Direct labor used 80,000

Factory Overhead $120,000*

Note factory overhead includes $ 20,000 depreciation on on old truck used by the selling Dept.

Required:

Prepare in good form the Cost of Good manufactured Report for XYZ Company. Use the space provided below.

business accounting

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Answer 1

Answer #1




Direct materials used		110,000
Direct labor		80,000
Factory overhead		100,000

Total manufacturing costs		290,000
Add: Beginning goods in process inventory		50,000
Cost of Good manufactured		340,000

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Answer 2

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