Ch2 Problem 2-43

Ch2 Problem 2-43 - 2-43 (35

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Unformatted text preview: 2-43 (35 MINUTES)1.LAREDOLUGGAGECOMPANYSCHEDULEOFCOSTOFGOODSMANUFACTUREDFORTHEYEARENDEDDECEMBER31, 20X2Direct material:Raw-material inventory, January 1............................................$ 20,000Add: Purchases of raw material................................................90,000Raw material available for use...................................................$110,000Deduct: Raw-material inventory, December 31........................12,500Raw material used......................................................................$97,500Direct labour...................................................................................100,000Manufacturing overhead:Indirect material..........................................................................$ 5,000Indirect labour.............................................................................7,500Utilities: plant..............................................................................20,000Depreciation: plant and equipment...........................................Depreciation: plant and equipment....
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Ch2 Problem 2-43 - 2-43 (35

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