condensed cost of goods manufactured schedule

At May 31, 2014, the accounts of Mantle Company show the following.

1. May 1 inventories—finished goods $12,600, work in process $14,700, and raw materials $8,200.
2. May 31 inventories—finished goods $9,500, work in process $17,900, and raw materials $7,100.
3. Debit postings to work in process were direct materials $62,400, direct labor $32,000, and manufacturing overhead applied $40,000.
4. Sales revenue totaled $20,000.

 

 

 

 

 

 

Prepare a condensed cost of goods manufactured schedule.

 

Click Order now to have a similar paper completed for you by our team of Experts.