Hirschman Corporation has provided the following data for the month of April:
Inventories Beginning Ending
Raw materials……………………………………… $ 21,000 $ 35,000
Work in process……………………………………… 17,000 19,000
Finished goods………………………………………. 46,000 38,000
Additional information:
Raw materials purchases…………………………………………………………. $ 76,000
Direct labor cost………………………………………………………………………. 81,000
Manufacturing overhead cost incurred………………………………………… 42,000
Indirect materials included in manufacturing overhead cost incurred…… 6,000
Manufacturing overhead cost applied to Work in Process………………… 44,000
In the space below and on the next page, prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold
in good form.
I have given the problem a shot but just want a comparison answer to doublecheck my work. Thanks!