Examlex

Solved

Use the Following Information to Prepare the Manufacturing Statement for Forsythe

question 97

Essay

Use the following information to prepare the manufacturing statement for Forsythe Company for the month ended June 30:
 Goods in process inventory, May 31$12,600 Goods in process inventory, June 3016,500 Direct materials used during June 21,000 Direct labor used during June 31,000 Factory overhead:  Indirect material 6,400 Indirect labor 9,200 Factory rent 12,000 Factory depreciation 15,000 Factory utilities 18,400\begin{array} { l r } \text { Goods in process inventory, May } 31 & \$ 12,600 \\\text { Goods in process inventory, June } 30 & 16,500 \\\text { Direct materials used during June } & 21,000 \\\text { Direct labor used during June } & 31,000 \\\text { Factory overhead: } & \\\quad \text { Indirect material } & 6,400 \\\quad \text { Indirect labor } & 9,200 \\\text { Factory rent } & 12,000 \\\text { Factory depreciation } & 15,000 \\\quad \text { Factory utilities } & 18,400\end{array}


Definitions:

Bony Labyrinth

A complex system of channels and cavities within the temporal bone of the skull, housing the organs of hearing and balance.

Oval Window

The beginning of the inner ear.

Vestibule

An entrance or enclosed anteroom leading to a larger space, often found in buildings or anatomical structures.

Anvil

A small iron block used in metalworking, traditionally seen as a surface upon which metals are hammered and shaped.

Related Questions