Business, 18.03.2021 01:40 jiedwards3835
At May 31, 2020, the accounts of Lopez Company show the following. 1. May 1 inventories—finished goods $15,100, work in process $15,900, and raw materials $8,600. 2. May 31 inventories—finished goods $9,700, work in process $16,400, and raw materials $7,900. 3. Debit postings to work in process were direct materials $63,800, direct labor $51,600, and manufacturing overhead applied $40,100. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,400. Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY
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At May 31, 2020, the accounts of Lopez Company show the following. 1. May 1 inventories—finished goo...
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