Managerial Accounting week 2 p15-27

Managerial Accounting week 2 p15-27 - Finished goods...

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P15-27A (20-25 min) Matthew Schweizer Req.1 Work in Process inventory Beginning inventory $1.2 Plus: Direct materials used $2.3 Plus: Direct labor 18.8 Plus: Manufacturing overhead $4.7 Total manufacturing costs incurred during the year 25.8 Total manufacturing costs to account for 27.0 Less: Ending inventory (1.7) Cost of goods manufactured $25.3 Req.2
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Unformatted text preview: Finished goods inventory Beginning inventory $0.4 Plus: Cost of goods manufactured $25.3 Cost of goods available for sale $25.7 Less: Ending inventory (0.5) Cost of goods sold $25.2 Req.3 Materials purchased Direct materials used $2.3 Less:Beginning inventory (0.9) Plus: Ending inventory 0.6 Purchases $2.0...
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