College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666160
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 26, Problem 2SEB

SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials.

Work in process, January 1 $20,500
Materials inventory, January 1 11,000
Materials purchases 12,000
Materials inventory, December 31 13,000
Direct labor 9,500
Overhead 5,500
Work in process, December 31 10,500
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College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

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