Lompac Products manufactures a variety of products in its factory. Data for the

Question

Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory Direct labor Manufacturing overhead Beginning work in process inventory Ending work in process inventory $57,000 $437,000 $60,000 $214,000 $374,000 $189,000 $226,000 Required: Prepare a schedule of cost of goods manufactured for the company for the month. (Omit the "$" sign in your response.) Lompac Products Schedule of Cost of Goods Manufactured Direct materials: (Click to select) (Click to select) | (Click to select) Click to select) (Click to select): 1 (Click to select) Raw materials used in production Click to select) (Click to select) Totai manufacturing costs (Click to select)(Click to select) t Click to select)1-1 (Click 10 select) Gost of goods manufactured

Explanation / Answer

Lompac Products

Schedule of Cost of Goods Manufactured

Direct materials: Beginning raw materials inventory $57,000 Add: Purchases of raw materials $437,000 Raw materials available for use $494,000 Deduct: Ending raw materials inventory $60,000 Raw materials used in production $434,000 Direct labor $214,000 Manufacturing overhead $374,000 Total manufacturing costs $1,022,000 Add: Beginning work in process inventory $189,000 $1,211,000 Deduct: Ending work in process inventory $226,000 Cost of goods manufactured $985,000

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.