Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 17 Aug 2017 My Price 5.00

Agron Inc.

statement of Cost of goods Manufactured

e4A. During June, Agron Inc. purchases of direct materials totaled $119,000; direct labor for the month was 3,400 hours at $10.00 per hour. Agron also incurred the follow- ing overhead costs: utilities, $5,870; supervision, $17,300; indirect materials, $6,750; depreciation, $6,200; insurance, $1,830; and miscellaneous, $1,100.

Beginning inventory accounts were as follows: Materials Inventory, $48,600; Work in Process Inventory, $55,250; and Finished Goods Inventory, $38,500. Ending inventory accounts were as follows: Materials Inventory, $55,100; Work in Process Inventory, $48,400; and Finished Goods Inventory, $37,450.

Prepare a statement of cost of goods manufactured.

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 12:08 AM My Price 5.00

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