Problem 23: COST OF GOODS SOLD (ACTUAL COSTING) Danica Corp. provided the following inventory balances and cost data for the month of June. Junel June 30 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of June follows: Cost of goods manufactured Factory overhead applied 515,000 150,000 Direct materials used 190,900 144,000 Actual factory overhead Required: Compute the cost of goods sold under actual costing
Problem 23: COST OF GOODS SOLD (ACTUAL COSTING) Danica Corp. provided the following inventory balances and cost data for the month of June. Junel June 30 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of June follows: Cost of goods manufactured Factory overhead applied 515,000 150,000 Direct materials used 190,900 144,000 Actual factory overhead Required: Compute the cost of goods sold under actual costing
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 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...
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1. Compute the cost of good sold under actual costing
2. Use normal costing and compute for the cost of goods manufactured
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