Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen

تمرين 2

COST OF GOODS MANUFACTURED AND SOLD
Favorite Brands Company produces condensed soups at its Catahoula plant. At the beginning of June, the following information was supplied by its accountant:

During June, direct labor cost was $78,000, directmaterials purchases were $346,000, and the total overhead cost was $380,600. The inventories at the end of June were:

Required:
1. Prepare a cost of goods manufactured statement for June.
2. Prepare a cost of goods sold schedule for June.