Managerial Accounting week 2 p15-26

Managerial Accounting week 2 p15-26 - (22,000 Costs of Good...

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P15-26A (25-35 min) Matthew Schweizer Weber Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended June 30, 2012 Beginning Work in process inventory $20,000 Direct Materials used Beginning materials inventory $21,000 Purchases of materials 56,000 Available for use 77,000 Ending materials inventory (27,000) Direct Materials used $50,000 Direct Labor 77,000 Manufacturing overhead 44,000 Total Manufacturing costs Incurred during the month 171,000 Total Manufacturing costs To account for 191,000 Ending Work in process Inventory
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Unformatted text preview: (22,000) Costs of Good Manutfactured $169,000 Weber Manufacturing Company Income Statement Month Ended June 30, 2012 Sales revenue $460,000 Cost of goods sold: : Beginning Finished goods inventory $114,000 Cost of goods Manufactured 169,000 Cost of goods Available for sale 283,000 Ending Finished goods inventory (61,000) Cost of goods sold 222,000 Gross profit 238,000 Operating expenses: Marketing expenses $96,000 Administrative expenses 60,000 156,000 Operating income $82,000...
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