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2. The following information was extracted from the books of Bass Il manufacturer of loafers: Beginning of Year $700,000 End of Year $600,000 Raw materials inventory Work in process inventory Finished goods inventory Raw materials purchased Direct labour 1,000,000 300,000 2,900,000 13,800,000 4,600,000 900,000 400,000 Manufacturing overhead Calculate Cost of Goods Manufactured & Cost of Goods Sold using the equation

2. The following information was extracted from the books of Bass Il manufacturer of loafers: Beginning of Year $700,000 End of Year $600,000 Raw materials inventory Work in process inventory Finished goods inventory Raw materials purchased Direct labour 1,000,000 300,000 2,900,000 13,800,000 4,600,000 900,000 400,000 Manufacturing overhead Calculate Cost of Goods Manufactured & Cost of Goods Sold using the equation

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...
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1. Calculate the cost of goods manufactured and the Costs of goods sold using the equation method.

 

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2. The following information was extracted from the books of Bass Shoe Company, a manufacturer of loafers: Beginning of Year $700,000 End of Year Raw materials inventory Work in process inventory Finished goods inventory Raw materials purchased Direct labour $600,000 1,000,000 300,000 2,900,000 13,800,000 4,600,000 900,000 400,000 Manufacturing overhead Calculate Cost of Goods Manufactured & Cost of Goods Sold using the equation method. tion for the vear
Transcribed Image Text:2. The following information was extracted from the books of Bass Shoe Company, a manufacturer of loafers: Beginning of Year $700,000 End of Year Raw materials inventory Work in process inventory Finished goods inventory Raw materials purchased Direct labour $600,000 1,000,000 300,000 2,900,000 13,800,000 4,600,000 900,000 400,000 Manufacturing overhead Calculate Cost of Goods Manufactured & Cost of Goods Sold using the equation method. tion for the vear
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