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(Solved by Expert Tutors)Pirkl Corporation has provided the following data for t


Pirkl Corporation has provided the following data for the month of March:

?

??Inventories Beginning Ending
??Raw materials $ 23,000? $ 37,000??
??Work in process $ 16,000?? $ 25,000??
??Finished goods $ 45,000?? $ 31,000??

?
Additional Information:
?

? ? ?
??Raw materials purchases $ 73,000 ?
??Direct labor cost?? $ 85,000 ?
??Manufacturing overhead cost incurred $ 42,600 ?
??Indirect materials included in manufacturing overhead cost incurred $ 6,400 ?
??Manufacturing overhead cost applied to work in process $ 44,100 ?

?

Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.?(Input all amounts as positive values. Omit the "$" sign in your response.)

???

Schedule of Cost of Goods Manufactured
??Direct materials: ? ?
?????(Click to select)Beginning materials inventoryEnding raw materials inventoryBeginning finished goods inventoryBeginning work in process inventoryEnding work in process inventory $??? ?
?????(Click to select)DeductAdd?:?(Click to select)Raw materials inventory, endingFinished goods inventory, beginningEnding work in process inventoryPurchases of raw materialsBeginning work in process inventory ?? ?
?? ?
?????Raw materials available for use ?? ?
?????(Click to select)AddDeduct?:?(Click to select)Beginning materials inventoryPurchases of raw materialsEnding work in process inventoryEnding raw materials inventoryBeginning work in process inventory ?? ?
?? ?
?????Raw materials used in production ?? ?
?????(Click to select)DeductAdd?:?(Click to select)indirect materials included in manufacturing overhead incurredBeginning work in process inventoryRaw materials inventory, endingRaw materials inventory, beginningEnding work in process inventory ?? ?
??(Click to select)Direct laborPurchase of raw materialsIndirect materialsIndirect laborDirect materials???? ? $???
??(Click to select)Raw materials inventory, endingPurchases of raw materialsDirect laborEnding work in process inventoryRaw materials inventory, beginning ? ??
??(Click to select)Beginning work in process inventoryPurchases of raw materialsManufacturing overhead applied to work in process inventoryRaw materials inventory, beginningRaw materials inventory, ending ? ??
?? ?
??Total manufacturing costs ? ??
??(Click to select)AddDeduct?:?(Click to select)Raw materials inventory, endingEnding work in process inventoryRaw materials inventory, beginningBeginning work in process inventoryPurchases of raw materials ? ??
?? ?
? ? ??
??(Click to select)AddDeduct?:?(Click to select)Raw materials inventory, beginningEnding work in process inventoryBeginning work in process inventoryPurchases of raw materialsRaw materials inventory, ending ? ??
?? ?
??Cost of goods manufactured ? $???
?? ?

?????

Schedule of Cost of Goods Sold
??(Click to select)Cost of goods available for saleCost of goods manufacturedOverapplied overheadFinished goods inventory, endingFinished goods inventory, beginning $???
??(Click to select)AddDeduct?:?(Click to select)Underapplied overheadCost of goods manufacturedOverapplied overheadCost of goods available for saleUnadjusted cost of goods sold ??
??
??(Click to select)Cost of goods available for saleUnadjusted cost of goods soldFinished goods inventory, beginningFinished goods inventory, endingCost of goods manufactured ??
??(Click to select)AddDeduct?:?(Click to select)Underapplied overheadCost of goods manufacturedEnding finished goods inventoryCost of goods available for saleOverapplied overhead ??
??
??(Click to select)Unadjusted cost of goods soldFinished goods inventory, beginningCost of goods manufacturedUnderapplied overheadFinished goods inventory, ending ??
??(Click to select)AddDeduct?:?(Click to select)Finished goods inventory, endingCost of goods available for saleUnderapplied overheadOverapplied overheadCost of goods manufactured ??
??
??Adjusted cost of goods sold $???
??


 


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DATE ANSWERED

Apr 19, 2020

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