Please complete the table with explanation.
Homework Answers
Schedule of cost of goods manufactured :
| Beginning raw material inventory | 7500 |
| Raw material purchase | 168000 |
| Raw material available for use | 175500 |
| Less:Ending raw material inventory | -4000 |
| Direct material used | 171500 |
| Direct labour | 325000 |
| Overhead applied | 98000 |
| Total manufacturing cost | 594500 |
| Beginning work in process | 13700 |
| Total cost of work in process | 608200 |
| Less: Ending work in process | -14825 |
| Cost of goods manufactured | 593375 |
| Beginning finished goods inventory | 25000 |
| Total Goods available for sale | 618375 |
| Less: Ending finished goods inventory | -28000 |
| Cost of goods sold | 590375 |
Add Answer to:
Please complete the table with explanation.
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