Operations.
Purchases of raw materials ..................................................................................$53,000 Indirect materials included in manufacturing overhead ...........................................8,000 Direct labor ...........................................................................................................62,000 Manufacturing overhead applied to work in process ..............................................41,000 Underapplied overhead ...........................................................................................8,000 Required: 1. Prepare a schedule of Cost of Goods Manufactured Schedule 2. Prepare an income statement for the just completedyear.
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May 2021
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