Fundamentals Of Cost Accounting (6th Edition)
6th Edition
ISBN: 9781259969478
Author: WILLIAM LANEN, Shannon Anderson, Michael Maher
Publisher: McGraw Hill Education
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Textbook Question
Chapter 2, Problem 42E
Prepare Statements for a Manufacturing Company
The following balances are from the accounts of Crabtree Machining Company:
Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880.
Required
Reconstruct a cost of goods sold statement and fill in the following missing data:
- a. Cost of direct materials used during the year.
- b. Cost of goods manufactured during the year.
- c. Total
manufacturing costs incurred during the year.
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Fundamentals Of Cost Accounting (6th Edition)
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