Posted: July 10th, 2014

Principles of Managerial Accounting

Principles of Managerial Accounting

 
Project description
Excel Document
? Cost of Goods Manufactured Statement

Denny Corporation, a manufacturing company, produces a single product. The following information has been taken from the company?s production, sales, and cost records for the just completed year:
Production in units 51,000
Direct labor $120,325
Raw materials purchased $325,019
Manufacturing overhead $250,265
Selling and administrative expenses $422,100
Raw Materials, Beginning $62,900
Raw Materials, Ending $45,345
Work in Process, Beginning $52,984
Work in Process, Ending $58,777
? Prepare the Cost of Goods Manufactured Statement in good form.

• Cost of Goods Manufactured Statement

Denny Corporation, a manufacturing company, produces a single product. The following information has been taken from the company’s production, sales, and cost records for the just completed year:
Production in units 51,000
Direct labor $120,325
Raw materials purchased $325,019
Manufacturing overhead $250,265
Selling and administrative expenses $422,100
Raw Materials, Beginning $62,900
Raw Materials, Ending $45,345
Work in Process, Beginning $52,984
Work in Process, Ending $58,777
• Prepare the Cost of Goods Manufactured Statement in good form.

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