Problem 3 (10 points) Hirschman Corporation has provided the…

Problem 3 (10 points) Hirschman Corporation has provided the following data for the month of April:  Required:Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.  Cost of goods sold should be adjusted directly by any under- or over-applied manufacturing overhead.

As of December 31, 2012, Stand Still Industries had $2,500 o…

As of December 31, 2012, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2012, there was $2,000 of materials on hand. During the year, the company purchased $325,000 of materials; however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during 2012?