The following information is from Marchant Manufacturing Co. forSeptember.
You are required to prepare the;
a. Compute the Cost of Goods Sold.
b. Compute the balance in Finished Goods Inventory at September 30.
c. Compute the balance in Work in Process Inventory at September 30.
d. Compute the balance in Raw Materials Inventory at September 30.
e. Compute the total manufacturing overhead.
Direct materials used in production | |
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Raw materials inventory, Sept. 1 | |
Work in process inventory, Sept. 1 | |
Finished goods inventory, Sept. 1 | |
Purchases of raw materials | |
Cost of goods manufactured | |
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(Hints:i-The easiest method of solving this problem is toprepare asketchthe income statement
and theschedule of cost of goods manufactured, enter the given amounts, and then enter the
unknownsasmissing (difference)figures.
ii- You should use the COGS format /templates sent to youalready)
