This paper circulates around the core theme of The following data from the just completed year together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
The following data from the just completed year are taken from the accounting records of Mason Company: Sales$656,000 Direct labor cost$86,000 Raw material purchases$136,000 Selling expenses$109,000 Administrative expenses$49,000 Manufacturing overhead applied to work in process$202,000 Actual manufacturing overhead costs$226,000 InventoriesBeginningof YearEnd ofYear Raw materials$8,900 $10,900 Work in process$6,000 $20,100 Finished goods$76,000 $25,900 Required:1.Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
