Cost of Goods Manufactured Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $116,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Work-in-Process Inventory $12,200 $14,200 Beginning Ending Required: Inventory $4,000 $3,900 Direct materials $53,000 19,000 240,000 1. Prepare a statement of cost of goods manufactured Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year

Cost of Goods Manufactured Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $116,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Work-in-Process Inventory $12,200 $14,200 Beginning Ending Required: Inventory $4,000 $3,900 Direct materials $53,000 19,000 240,000 1. Prepare a statement of cost of goods manufactured Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 6PA: Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin...

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