Factory overhead 170000 f1 factory overhead 50000 raw

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Factory overhead 170000 f(1). Factory overhead 50000 Raw materials inventory 50000 f(2). Factory overhead 19000 Cash 19000 f(3) Factory overhead 51000 Accumulated depreciation-factory equipment 51000 f(4). Factory overhead 32000 Cash 32000 g. Finished goods inventory 828500 Work in process inventory 828500 h. Cost of goods sold 321500 Finished goods inventory 321500 i. Cash 635000 Sales 635000 j. Cost of goods sold 5000 Factory overhead 5000
3. Prepare a schedule of cost of goods manufactured.
Marcelino Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $455000 Direct labor used 340000 Factory overhead applied 170000 Total manufacturing costs 965000 Add: Work in process March 31 121000 Total cost of work in process 1086000 Less: Work in process April 30 257500 Cost of goods manufactured $828500 4.1 Compute gross profit for April.
4.2 Show how to present the inventories on the April 30 balance sheet.

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