. Cost of Goods Sold, Cost of Goods ManufacturedPrinceton 3 Company has the following information for May:Cost of direct materials used in production$17,300Direct labor44,700Factory overhead28,800Work in process inventory, May 172,100Work in process inventory, May 3176,400Finished goods inventory, May 1Finished goods inventory, May 3130,30034,600a. For May, using the data given, prepare a statement of Cost of Goods Manufactured.Princeton 3 CompanyStatement of Cost of Goods ManufacturedWork in process inventory, May 1Cost of direct materials used in production vDirect labor vFactory overhead vTotal manufacturing costs incurred during MayTotal manufacturing costsLess work in process inventory, May 31 vCost of goods manufacturedFoedbackCheck My Worka. Add direct materials, direct labor, and overhead to the beginning work in process. Subtract the ending work in process.b. For May, using the data given, prepare a statement of Cost of Goods Sold.Princeton 3 CompanyStatement of Cost of Goods SoldFinished goods inventory, May 1Cost of goods manufactured vCost of finished goods available for saleLess finished goods inventory, May 31 vCost of goods sold

Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the fallowing information for May: Cost of direct materials used in production $17,300 Direct labor 44,700 Factory overhead 28,800 Work in process inventory, May 1 72.100 Work in process inventory, May 31 76,400 Finished goods inventory, May 1 30,300 Finished goods inventory, May 31 34,600 a. For May, using the data given, prepare a statement of Cost of Goods Manufactured. Princeton 3 Company Statement of Cost of Goods Manufactured Work in process inventory, May 1 Cost of direct materials used in production Direct labor Factory overhead v Total manufacturing costs incurred during May Total manufacturing costs Less work in process inventory, May 31 Cost of goods manufactured Feadback Check My Won a. Add direct materials, direct labor, and overhead to the beginning work in process. Subtract the en b. For May, using the data given, prepare a statement of Cost of Goods Sold. Princeton 3 Company Statement of Cost of Goods Sold Finished goods inventory, May 1 Cost of goods manufactured v Cost of finished goods available for sale Less finished goods inventory, May 31 v Cost of goods sold

Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the fallowing information for May: Cost of direct materials used in production $17,300 Direct labor 44,700 Factory overhead 28,800 Work in process inventory, May 1 72.100 Work in process inventory, May 31 76,400 Finished goods inventory, May 1 30,300 Finished goods inventory, May 31 34,600 a. For May, using the data given, prepare a statement of Cost of Goods Manufactured. Princeton 3 Company Statement of Cost of Goods Manufactured Work in process inventory, May 1 Cost of direct materials used in production Direct labor Factory overhead v Total manufacturing costs incurred during May Total manufacturing costs Less work in process inventory, May 31 Cost of goods manufactured Feadback Check My Won a. Add direct materials, direct labor, and overhead to the beginning work in process. Subtract the en b. For May, using the data given, prepare a statement of Cost of Goods Sold. Princeton 3 Company Statement of Cost of Goods Sold Finished goods inventory, May 1 Cost of goods manufactured v Cost of finished goods available for sale Less finished goods inventory, May 31 v Cost of goods sold

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

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