Raw materials inventory , beginning ..................................... $ 15 Raw materials inventory , ending ......................................... $ 45 Work-in-process inventory , beginning ................................. $ 20 Work-in-process inventory , ending ..................................... $ 55 Finished goods inventory , beginning ................................... $ 100 Finished goods inventory , ending ....................................... $ 135
Required : Prepare a Schedule of Cost of Goods Manufactured in the text box below .
2 . Question :
( TCO F ) The Illinois Company manufactures a product that goes through three processing departments . Information relating to activity in the first department during June is given below .
Percentage Completed Units Materials Conversion Work in process , June 1 150,000 75 % 55 % Work in process , Jun 30 145,000 85 % 75 %