<p>prepare a scedule of cost of goods manufactured for the company for the month

Question

<p>prepare a scedule of cost of goods manufactured for the company for the month</p>
<p>&#160;</p>
<p>Beginning raw material inventory......60,000</p>
<p>Purchases of new material......690,000</p>
<p>Ending raw material inventory....45,000</p>
<p>Direct Labor.....135,000</p>
<p>Manufactured overhead.....370,000</p>
<p>beginning work in process inventory....120,000</p>
<p>ending work in process inventory....130,000</p>

Explanation / Answer

Direct Labour = 135000 AddRaw material = 60000+690000-45000 AddManufacturing overhead = 370000 Add begining wWIP = 120000 Less clsogin WIP = 130000 Total cost of goods manufactured = 1460000 answer

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