Question
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Pan Demic, Inc. PDI manufactures and sells cast iron skillets. A finished skillet sells for $ and costs $ to manufacture. PDI uses one raw material, iron ore, which is buys for $ pound. Skillet Forgers heat the iron ore and form it into skillets. Forgers are paid $ hour.
This is PDI's second period of operations. You'll need to use information from Period above to complete the charts for Period
During the period, PDI purchased pounds of Iron Ore. At the end of the period, they transferred pounds of Iron Ore to WIP. They used hours of direct labor and incurred $ of Factory Overhead.
PDI ended the period with $ in WIP and skillets in Finished Goods.
Prepare the Schedule of Cost of Goods Sold for PDI.
Do not use dollar signs. Use whole numbers only no decimal places
PDI Schedule of Cost of Goods Sold
tableAccountDollar AmountFinished Goods Beginning Inventory,Cost of Goods Manufactured,Cost of Goods Available for Sale,Finished Goods Ending Inventory,Cost of Goods Sold,
