Homework Answers
| Cost of Goods Manufactured Schedule | |||
| For the Year Ended XXX | |||
| Beginning : Work in Process | $43,000.00 | ||
| Direct Materials | |||
| Beg - Raw Materials Inventory | $25,000.00 | ||
| Raw Materials Purchases | $77,000.00 | ||
| Total Raw Materials Available for Use | $102,000.00 | ||
| Less: Raw Materials Ending Inventory, | $32,000.00 | ||
| Direct Materials Used | $70,000.00 | ||
| Direct Labor | $86,000.00 | ||
| Manufacturing Overhead: | |||
| Indirect Labor | $40,000.00 | ||
| Insurance on Plant | $8,500.00 | ||
| Depreciation- Plant Building and Equipment | $13,300.00 | ||
| Repair & Main Plant | $4,400.00 | ||
| Total Manufacturing Overhead | $66,200.00 | ||
| Total Manufacturing Costs | $222,200.00 | ||
| Total Cost of Work in Process | $265,200.00 | ||
| Less: Ending Work in Process, | -$28,000.00 | ||
| Cost of Goods Manufactured | $237,200.00 | ||
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