Business, 26.09.2019 19:10, genyjoannerubiera
The following data from the just completed year are taken from the accounting records of mason company: sales $ 652,000 direct labor cost $ 81,000 raw material purchases $ 133,000 selling expenses $ 102,000 administrative expenses $ 43,000 manufacturing overhead applied to work in process $ 205,000 actual manufacturing overhead costs $ 223,000 inventories beginning ending raw materials $ 8,000 $ 10,100 work in process $ 5,400 $ 20,400 finished goods $ 70,000 $ 25,500 required: 1. prepare a schedule of cost of goods manufactured. assume all raw materials used in production were direct materials. 2. prepare a schedule of cost of goods sold. assume that the company's underapplied or overapplied overhead is closed to cost of goods sold. 3. prepare an income statement.
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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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