Purple Bear, Inc. produces boat motors. Janice Smyth, the company's controller has provided you with the following information.
Beginning balance, Direct Materials Inventory | $ 78,000 |
Ending balance, Direct Materials Inventory | 72,000 |
Beginning balance, Work in Process Inventory | 125,000 |
Ending balance, Work in Process Inventory | 128,000 |
Direct labor | 760,000 |
Manufacturing overhead applied | 350,000 |
Direct materials purchased | 850,000 |
Required:
Using the cost information, prepare a cost of goods manufactured schedule.