E1-7 individual - E1-7 Work in process (1/1) Direct...

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Unformatted text preview: E1-7 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured calculations: 190,000 + 7,500 = 197,500 197,500 - 158,000 = 39,500 530,000 + 81,000 = 611,000 611,000 - 210,000 = 401,000 401,000 - 190,000 - 122,000 = 89,000 $210,000.00 $39,500.00 158,000.00 197,500.00 7,500.00 $190,000.00 89,000.00 $18,000.00 36,000.00 68,000.00 122,000.00 401,000.00 611,000.00 81,000.00 $530,000.00 ...
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