Business, 24.06.2020 20:01 hoyanna69

The following data from the just completed year are taken from the accounting records of Mason Company: Sales $656,000
Direct labor cost $82,000
Raw material purchases $132,000
Selling expenses $101,000
Administrative expenses $50,000
Manufacturing overhead applied to work in process $208,000
Actual manufacturing overhead costs $229,000

Inventories Beginning of Year End of Year
Raw materials $8,500 $10,500
Work in process $6,000 $21,000
Finished goods $79,000 $25,600

Required:
Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.

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The following data from the just completed year are taken from the accounting records of Mason Compa...

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