Use the Following Information to Prepare a Cost of Goods

question 23

Essay

Use the following information to prepare a cost of goods manufactured schedule for Bellevue Company for the year ended December 31, 2012:
$\begin{array}{ll}\text { Ending raw materials inventory } & \$ 40,800 \\\text { Ending work-in-process inventory } & 52,800 \\\text { Depreciation-factory } & 16,800 \\\text { Direct labor } & 84,000\\\text { Indirect labor } & 10,000 \\\text { Indirect materials } & 14,400 \\\text {insurance-factory } & 18,000 \\ \text { Begintring work-in-process inventory }& 64,800\\\text { Beginning raw materials inventory } & 36,000 \\\text { Payroll taxes-factory } & 16,800\\\text { Raw materials purchased }&76,800\\\text { predeterminded overhead rate }&85\%&\text {of direct labor cost }\end{array}$

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Definitions:

Active Revolt

A direct and overt action by a group or individual aimed at challenging and overthrowing an established authority or system.

Technological Innovations

The introduction of new technologies or the improvement of existing ones to solve problems or enhance capabilities.

Marx

Karl Marx, a 19th-century philosopher, political economist, and revolutionary known for his theories about capitalism and communism.

Differentiation

The process by which entities or systems become more complex, diverse, or distinct from each other or their previous state.