| Cost Of Goods Manufactured Statement The Blimp Manufacturing Company Produced 100,000 Units During The Year Ended December31, 19*1. It Incurred The Following Costs For The Year:
Materials .....................73000 (10% Is Indirect Materials)
Labor..............................97000 (7% Is Indirect Labor)
Factory Overhead............125% Of Direct Labor Cost
Work In Process Inventory , January 1, 19*1..........35250
Work In Process Inventory , December 31, 19*1......27000
The Factory Overhead Percentage Includes Indirect Materials And Indirect Labor.
Required: Prepare A Cost Of Goods Manufactured Statement For The Period. |