Prepare a condensed cost of goods manufactured schedule

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Reference no: EM13521242

Incomplete manufacturing cost data for Colaw Company for 2012 are presented as follows for four different situations.




Total



Cost of

Direct

Direct

Manufac-

Manufac-

Work in

Work in

Goods

Materials

Labor

turing

turing

Process

Process

Manufac-

Used

Used

Overhead

Costs

1-Jan

31-Dec

tured

(1) $127,000

$140,000

$87,000

(a)

$33,000

(b)

$360,000

(2) (c)

200,000

132,000

$450,000

(d)

$40,000

470,000

(3) 80,000

100,000

(e)

255,000

60,000

80,000

(f)

(4) 70,000

(g)

75,000

288,000

45,000

(h)

270,000

Instructions

(a) Indicate the missing amount for each letter.

(b) Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2012.

Reference no: EM13521242

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