Question - Purple Bear, Inc. produces boat motors. Janice Smyth, the company's controller has provided you with the following information.
|
Beginning balance, Direct Materials Inventory
|
$81,100
|
|
Ending balance, Direct Materials Inventory
|
68,400
|
|
Beginning balance, Work in Process Inventory
|
135,700
|
|
Ending balance, Work in Process Inventory
|
120,800
|
|
Direct Labor
|
785,600
|
|
Manufacturing Overhead
|
375,100
|
|
Direct materials purchased
|
893,900
|
Using the above cost information, prepare a cost of goods manufactured schedule.