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Required: Use the given information to complete the below schedule of cost of goods manufactured. 

Purchases of raw materials          $120,000.00 
Raw materials available for use     $148,000.00 
Cost of direct raw materials used   $124,000.00 
Manufacturing overhead               $24,000.00 
Total manufacturing costs            $310,000.00 
Ending work-in-process inventory   $(46,000.00)
Cost of goods manufactured          $306,000.00

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M918610

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