Dreams Manufacturing Company provided the following information for the year 2015: Purchases—Raw Materials $270,000 Plant Utilities & Insurance 202,500 Indirect Materials 35,250 Indirect Labor 14,250 Ending Balance—Work-in-Process Inventory 42,000 Ending Balance—Raw Materials Inventory 45,000 Direct Labor 352,500 Depreciation on Factory Plant & Equipment 18,000 Beginning Balance—Work-in-Process Inventory 18,000 Beginning Balance—Raw Materials Inventory 63,000 Required: Prepare a statement of the cost of goods manufactured

Dreams Manufacturing Company provided the following information for the year 2015: Purchases—Raw Materials $270,000 Plant Utilities & Insurance 202,500 Indirect Materials 35,250 Indirect Labor 14,250...

Dreams Manufacturing Company provided the following information for the year 2015:

Purchases—Raw Materials	$270,000
Plant Utilities & Insurance	202,500
Indirect Materials	35,250
Indirect Labor	14,250
Ending Balance—Work-in-Process Inventory	42,000
Ending Balance—Raw Materials Inventory	45,000
Direct Labor	352,500
Depreciation on Factory Plant & Equipment	18,000
Beginning Balance—Work-in-Process Inventory	18,000
Beginning Balance—Raw Materials Inventory	63,000

Required: Prepare a statement of the cost of goods manufactured

Jun 09, 2022

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