An analysis of the accounts of Marigold Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9,460 $14,020 Work in process 6,380 8,070 Finished goods 9,350 6,960 Costs incurred: raw materials purchases $56,410, direct labor $50,600, manufacturing overhead $23,980. The specific overhead costs were: indirect labor $6,520, factory insurance $4,810, machinery depreciation $4,590, machinery repairs $2,330, factory utilities $3,910, and miscellaneous factory costs $1,820. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020. MARIGOLD COMPANY
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An analysis of the accounts of Marigold Company reveals the following manufacturing cost data for th...
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