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Home Q & A Board Other Fields Homework Help Business Accounting
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8 years ago
From the following details provided by Barry, Inc., prepare the cost of goods sold budget for the year.

Direct materials per unit   $65
Direct labor hours per unit   2 hours
Direct labor rate per hour   $50
Manufacturing overhead cost per direct labor hour   $20
Beginning inventory units   1,000
Sales price per unit   $250

   First    Second   Third   Fourth
   Quarter   Quarter    Quarter   Quarter

Units expected to be sold:   15,000   18,000    21,000   24,000   
Barry, Inc. expects no inventory units at the end of the second, third and fourth quarters.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Deprecated Author
wrote...
#2
8 years ago
Makes perfect sense, thx
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#3
8 years ago
I'm liking this Slight Smile
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