Use the Following Information to Prepare the Schedule of Cost

question 131

Essay

Use the following information to prepare the schedule of cost of goods manufactured for Graffstone Company for the month ended June 30.
$$\begin{array} { | l | r | } \hline \text { Work in Process inventory, May 31 } & \$ 12,600 \\\hline \text { Work in Process inventory, June 30 } & 16,500 \\\hline \text { Direct materials used during June } & 21,000 \\\hline \text { Direct labor used during June } & 31,000 \\\hline \text { Factory overhead: } & \\\hline \text { Indirect material } &6,400 \\\hline \text { Indirect labor } & 9,200 \\\hline \text { Factory rent } & 12,000 \\\hline \text { Factory depreciation } &15,000 \\\hline \text { Factory utilities } & 18,400 \\\hline \end{array}$$

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Definitions:

Aneurysm

A localized enlargement or ballooning of a blood vessel due to weakness in the vessel wall.

Cardiovascular Disease

A class of diseases involving the heart and blood vessels, including heart disease, hypertension, and stroke.

Physiological Risk

The potential for harm to bodily functions or processes, often assessed in the context of exposure to harmful substances or stressful conditions.

Hypertension

A chronic medical condition in which the blood pressure in the arteries is elevated, increasing the risk of heart disease, stroke, and other health problems.