Ignment Exercise 172 At May 31, 2017, the accounts of Kuhlmann Manufacturing Company show the fol...

ignment Exercise 172 At May 31, 2017, the accounts of Kuhlmann Manufacturing Company show the fol 1 May 1 inventories-finished goods $12,600, work in process $14,700, and raw materials $8,200. 2 May 31 inventories-finished goods $8,500, work in process $22,900, and raw materials $7,100 3 Debit postings to work in process were: direct materials $77,400, direct labor $50,000, and manufacturing overhead applied $45,00 4 Sales totaled $225,000. Prepare a condensed cost of goods manufactured schedule. KUHLMANN MANUFACTURING COMPANY Cost of Goods Hanufactured Schedule For the Month Ended May 31, 2017 Work in Process, May1 Direct Materials Used Direct Labor Manufacturing Overhead Applied : Total Manufacturing Costs Total Cost of Work in Process Less : Work in Process, May 31 e然 Privao Poto 、 见2000-2019 JohnyítYASonalnc. AB Rights Reserved. A Division of 2amwiex A Sonuln. 3

PracticeA Gradebook ORION Downloadable eTextbook signment Less: Work in Process, May 31 Cost of Goods Manufactured Prepare an income statement for May through gross profit. KUHLMANN MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2017 Sales Cost of Goods Sold Finished Goods, May 1 Cost of Goods Manufactured Cost of Goods Avaiable for Sale Finished Goods, May 31 Cost of Goods Sold Gross Profit/(Loss) ener, s Ptoop liSt 丸2000-2919Johnwǐt.ASonn.tre' All Rights Reserved. A Division of lehnynuAsons.inc. í 20 3 4 5 6