Business, 16.04.2021 01:00, imalivingpotato
Exercise 14-16 (Video) An analysis of the accounts of Marigold Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9,460 $14,020 Work in process 6,380 8,070 Finished goods 9,350 6,960 Costs incurred: raw materials purchases $56,410, direct labor $50,600, manufacturing overhead $23,980. The specific overhead costs were: indirect labor $6,520, factory insurance $4,810, machinery depreciation $4,590, machinery repairs $2,330, factory utilities $3,910, and miscellaneous factory costs $1,820. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020. MARIGOLD COMPANY Cost of Goods Manufactured Schedule $ $ : $ $ : $
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Exercise 14-16 (Video) An analysis of the accounts of Marigold Company reveals the following manufac...
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