Arthur Manufacturing Company produces a single product.The controller has asked your help in preparing a schedule of cost of goods manufactured for the month just ended.The following information is available:
1)Eleven thousand units were sold at $22 per unit.
2)Thirteen thousand units requiring one unit each of raw materials were produced.
3)Raw materials inventory at the beginning of the month was 1,100 units at $4 each.
4)During the month,two purchases of raw materials were made:

Question

Quizplus · Accepted Answer

The Answer of Arthur Manufacturing Company produces a single product.The controller has asked your help in preparing a schedule of cost of goods manufactured for the month just ended.The following information is available:
1)Eleven thousand units were sold at $22 per unit.
2)Thirteen thousand units requiring one unit each of raw materials were produced.
3)Raw materials inventory at the beginning of the month was 1,100 units at $4 each.
4)During the month,two purchases of raw materials were made:

Arthur Manufacturing Company Produces a Single Product