Managerial Accounting

Problem-13: Managerial Accounting

An incomplete cost of goods manufactured schedule is presented below.
Hobbit Company
Cost of goods manufactured schedule
For the Year Ended December 31, 2020

Instructions

Complete the cost of goods manufactured schedule for Hobbit Co

Solution

Calculation of the missing items
 
Hobbit Company
Cost of goods manufactured schedule
For the Year Ended December 31, 2020

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Completing the Accounting Cycle  Adjusting the Accounts  Accounting for Merchandising Operations  The Recording Process  Accounting in Action  Inventories  Plant Assets, Natural Resources, and Intangible Assets  Accounting for Receivables  Accounting Information Systems  Corporations: Dividends, Retained Earnings, and Income Reporting  Current Liabilities and Payroll Accounting  Job Order Costing  Sets  Long-Term Liabilities