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Best Shoe Company makes loafers. During the most recent year, Best incurred total manufacturing costs of $19.000.000 of this amount 52.000.000 was dressed and $12,800,000 was director Berning balances for the year were end Materials, 5700,000 Work in Process Inventory, 51.000.000 and Fished Goods Inventory $800.000 Al the end of the year, balonces were red Materas, 5900,000. Work in Process litory 1.600,000 and Fished Goods Inventory 510.000 Read the requirements Requirement 1. Analyse the inventory accounts to determine the cost of direct material purchased during the year Direct Materials Direct Materials Used 2000000 Beginning Direct Materials 700000 Ending Direct Materials 2200000 Purchases Requirement 2. Analyze the inventory accounts to determine the cost of goods manutactured for the year Work in Process Beginning Work in Process Inventory 1000000 Direct Materials Used 2000000 Dired Laber Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Maracturing Costs to Account For Enter any number in the edhelds and then continue to the next gestion 13 Type here to search 10/211/2009 Best Shoe Company makes loafers. During the most recent year, Best incurred total manutacturing costs of 519,000,000 of the amount. 2.000.000 was direct materassed and $12,000,000 was director tegning wines for the yew were red Materials, S700,000, Work-n Process Inventory, 51,000,000, and Finished Goods Inventory S000,000. At the end of the year, balances were Dured Materials, 200,000, Work Process Inventory, 51,500,000, and Fred Goods Inventory, 5810.000 Read the requirements Direct Materials Used 2000000 Direct Labor 12000000 Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-process inventory Cost of Goods Manufactured Requirement 3. Analyze the inventory accounts to determine the cost of goods sold for the year. Finished Goods Beginning Finished Goods inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold Enter any number in the editfelds and then continue to the next question AM 2 G

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