statement of Cost of goods Manufactured and Cost of goods sold
Question # 00222018
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Updated on: 03/13/2016 07:44 AM Due on: 04/12/2016
statement of Cost of goods Manufactured and Cost of goods sold
e5A.FruTee Corp. makes irrigation sprinkler systems for fruit tree nurseries. FruTee’s new controller can find only the following partial information for the past year:
Lime Division
Lemon Division
orange Division
Fig Division
Direct materials used $ 4 $ 7 $ (g) $ 8
Total manufacturing costs 11 (d) (h) 17
Overhead 5 3 3 (j)
Direct labor (a) 9 4 4
Ending work in process inventory (b) 3 2 5
Cost of goods manufactured 12 23 15 (l) Beginning work in process inventory 2 (e) 5 (k) Ending finished goods inventory 2 6 (i) 9
Beginning finished goods inventory 3 (f ) 5 7
Cost of goods sold (c) 21 16 12
Compute the unknown values. List the accounts in the proper order, and show sub- totals and totals as appropriate.
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Rating:
/5
Solution: statement of Cost of goods Manufactured and Cost of goods sold