Essay
The following information is for the Pawnee Manufacturing Company for November.
| inventories | Begining | Ending |
|---|---|---|
| Raw material | $19,750 | $15,400 |
| Work in process inventory | 35,350 | 32,200 |
| Finished goods inventory | 21,300 | 27,900 |
| Direct Labor (21,000 DLH @ $13) | |||
| Raw Material Purchases | $155,000 | Insurance-Office | 2,750 |
| Indirect Labor | 11,600 | Office Supplies Expense | 1,050 |
| Factory Supplies Used | 475 | Insurance-Factory | 1,825 |
| Other Expenses: | Depr. Office Equipment | 3,900 | |
| Depr.-Factory Equipment | 18,100 | Repair/Maintenance-Factory | 7,800 |
Prepare a statement of Cost of Goods Manufactured and a statement of Cost of Goods Sold in good form.
Correct Answer:
Verified
Correct Answer:
Verified
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