Raw Materials Inventory, June 1 Purchases Total Raw Materials Available for Use Less: Raw Materials Inventory, June 30 Total Materials Used Indirect Materials Direct Materials Used Direct Labor Manufacturing Overhead JenJen Printer Inc. Statement of Cost of Goods Sold June 30, 2020 Total Manufacturing Cost Work in Process, June 1 Total goods Put into Process Less: Work in Process, June 30 Total Goods Manufactured Finished Goods, June 1 Total Goods Available for Sale Less: Finished Goods, June 30 Cost of Goods Sold P P 50,000.00 86,900.00 136,900.00 46,500.00 90,400.00 5,800.00 84,600.00 66,500.00 53,200.00 204,300.00 40,000.00 244,300.00 19,200.00 225,100.00 30,000.00 255,100.00 33,600.00 221,500.00
Raw Materials Inventory, June 1 Purchases Total Raw Materials Available for Use Less: Raw Materials Inventory, June 30 Total Materials Used Indirect Materials Direct Materials Used Direct Labor Manufacturing Overhead JenJen Printer Inc. Statement of Cost of Goods Sold June 30, 2020 Total Manufacturing Cost Work in Process, June 1 Total goods Put into Process Less: Work in Process, June 30 Total Goods Manufactured Finished Goods, June 1 Total Goods Available for Sale Less: Finished Goods, June 30 Cost of Goods Sold P P 50,000.00 86,900.00 136,900.00 46,500.00 90,400.00 5,800.00 84,600.00 66,500.00 53,200.00 204,300.00 40,000.00 244,300.00 19,200.00 225,100.00 30,000.00 255,100.00 33,600.00 221,500.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How did they get the finished goods, beginning and finished good, ending. How to get that amount?
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