The following costs and inventory data were taken from the accounts of Simon Company for...
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Accounting
The following costs and inventory data were taken from the accounts of Simon Company for 2016: January 1, December 31, 2016 2016 Inventories: Raw materials $ 8,000 $ 7,000 Work in process 15,000 13,000 Finished goods 16,000 12,000 Costs incurred: Raw materials purchases $ 98,000 Direct labor 42,000 Factory rent 8,000 Factory utilities 10,000 Indirect materials 6,000 Indirect labor 9,000 Operating expenses 17,000 udy Prepare a schedule showing the amount of direct materials used in production during the year. ble. x Your answer is incorrect. Try again. Compute the amount of manufacturing overhead incurred during the year. Total manufacturing overhead by Study Your answer is correct. Prepare a schedule of Cost of Goods Manufactured for Simon Company for the year ended December 31, 2016 in good form. Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2016 rocessing. Beg
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