Answer to Question #271947 in Management for workiye Misgana Ha

Question

The following information is available for Lansing Closets for the fiscal year ending December31, 2013.

Beginning balance in Finished Goods $12,000

Ending balance in Finished Goods10, 200

Beginning balance in Work in Process15,500

Ending balance in Work in Process17, 200

Selling expenses102, 000

General and administrative expenses67, 000

Direct material cost incurred54, 000

Direct labor cost71, 000

Manufacturing overhead applied36, 300

Sales367, 000

Required: Prepare a schedule of the cost of goods manufactured for 2013

Answer 1

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