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Category > Accounting Posted 20 Jun 2017 My Price 7.00

-17.06 Ashley Corporation

B-17.06 Ashley Corporation provided the following list of cost data related to its manufacturing
operations for the month of September 20X4.
Beginning raw materials inventory
Raw materials purchased (net) $ 966,400
2,345,500 Ending raw materials inventory 818,200 Direct labor costs 322,300 Indirect materials 125,500 Indirect labor
Factory utilities and maintenance 88,900
456,000 Factory depreciation 56,600 Other factory related overhead 24,400 Beginning work in process 777,000 Ending work in process 717,000 (a) Arrange the cost data into a statement of cost of goods manufactured. (b) If Ashley's cost of goods sold for the month was $4,000,000, how much was the
increase or decrease in finished goods inventory for the month of September? Name:
Date: B-17.06 Section: (a)
ASHLEY CORPORATION
SCHEDULE OF COST OF GOODS MANUFACTURED
FOR THE MONTH ENDING SEPTEMBER 30, 20X4
Direct materials:
$ - $ - Raw materials transferred to production $ Direct labor - Factory overhead
$ - Total manufacturing costs $ - $ - Cost of goods manufactured (b) $ -

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SuperTutor
(15)
Status NEW Posted 20 Jun 2017 12:06 AM My Price 7.00

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