Economic understanding and economic conditions do not affect a personal financial plan.
1 answer:
You might be interested in
The Schedule of cost of goods manufactured for the year of Visic corporation is shown below.
Visic Corporation
Schedule of Cost of Goods Manufactured
Particulars Amount (in $)
Direct materials:
Raw materials inventory, beginning ..................... 20,000
Add: Purchases of raw materials..........................480,000
Raw materials available for use ...........................500,000
Deduct: Raw materials inventory, ending ..............30,000
Raw materials used in production........................ 470,000
Direct labor..............................................................90,000
Manufacturing overhead ........................................300,000
Total manufacturing costs.......................................860,000
Add: Work in process inventory, beginning..............50,000
910,000
Deduct: Work in process inventory, ending..............40,000
Cost of goods manufactured ..................................870,000
Hence, the schedule of cost of goods manufactured will be as shown above.
Learn more about cost of goods manufactured:
#SPJ4
