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$245
Manufacturing overhead....................................................
$265
Administrative expenses....................................................
$150
Selling expenses................................................................
$140
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%
The department started 475,