The Following Information for August, 20X3 Comes from the Jones

question 11

Essay

The following information for August, 20X3 comes from the Jones Co. books:
The balance in Materials Inventory on 8/1 was $35,000
Purchases of direct materials during August were $60,000
Work in Process on 8/1 was $10,000
Finished Goods had a balance on 8/1 of $15,000
Payroll Payable had a balance on 8/1 of $5,000
August payroll totalling $80,000 was credited to Payroll Payable
2,500 indirect hours were worked during the month
All workers make $6.40/hour
Overhead is allocated at $5.00/direct labour hour
Materials used during the month were $70,000
Cost of goods sold for the month was $105,000
Finished goods at 8/30 was $64,000
Prepare a schedule of cost of goods manufactured and sold.

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Definitions:

Trachea

The windpipe, a large tubular passage for air that extends from the larynx to the bronchi, allowing for the movement of air in and out of the lungs.

Averted

Turned away or aside; in the context of gaze or attention, it refers to the deliberate redirection from an object or focus.

Bell Palsy

A temporary paralysis or weakness of the facial muscles, often resulting in a drooping appearance on one side of the face.

Mouth Paralyzed

A condition where there is loss of muscle function in the mouth, affecting movement and speech.