At May 31, 2022, the accounts of Cullumber Company show the following May 1 inventories-finished goods $16,080, work in process $18,720, and raw materials $10,400 May 31 inventories-finished goods $12.160, work in process $20,400, and raw materials $9,040 Debit postings to work in process we direct materials $79,920, direct labor $64,000, and manufacturing overhead applied $51,200. (Assume that overhead applied was equal to overhead incurred) Sales revenue totaled $275,200. 1 2 3. 4 Prepare a condensed cost of goods manufactured schedule for May 2022 CULLUMBER COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2022 eTextbook and Media -131

At May 31, 2022, the accounts of Cullumber Company show the following May 1 inventories-finished goods $16,080, work in process $18,720, and raw materials $10,400 May 31 inventories-finished goods $12.160, work in process $20,400, and raw materials $9,040 Debit postings to work in process we direct materials $79,920, direct labor $64,000, and manufacturing overhead applied $51,200. (Assume that overhead applied was equal to overhead incurred) Sales revenue totaled $275,200. 1 2 3. 4 Prepare a condensed cost of goods manufactured schedule for May 2022 CULLUMBER COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2022 eTextbook and Media -131

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Description: At May 31, 2022, the accounts of Cullumber Company show the followingMay 1 inventories-finished goods $16,080, work in process $18,720, and raw materials $10,400May 31 inventories-finished goods $12.160, work in process $20,400, and raw materials $9

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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