A | B | C | |
Beginning material inventory | $425 | $575 | $850 |
Cost of material purchased | 2,780 | 3,620 | 8,170 |
Ending material inventory | (385) | (610) | (820) |
Direct material used | 2,820 | 3,585 | 8,200 |
Direct labor | 2,130 | 2,850 | 3,160 |
Manufacturing overhead: | |||
Factory insurance | 180 | 270 | 300 |
Indirect material used | 270 | 325 | 520 |
Factory utilities | 350 | 360 | 500 |
Factory depreciation | 820 | 740 | 965 |
Indirect labor | 225 | 410 | 365 |
Factory repairs and maintenance | 330 | 250 | 415 |
Factory supplies used | 210 | 230 | 260 |
Total manufacturing overhead | 2,385 | 2,585 | 3,325 |
Total manufacturing costs | $7,335 | $9,020 | $14,685 |
Beginning work in process | 840 | 920 | 1,290 |
Ending work in process | (790) | (985) | (1,425) |
Cost of goods manufactured | $7,385 | $8,955 | $14,550 |
Beginning finished goods | 565 | 680 | 950 |
Ending finished goods | (620) | (660) | (930) |
Cost of goods sold | $7,330 | $8,975 | $14,570 |
Cost of Goods Manufactured and Cost of Goods Sold For each of the following unrelated columns...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company: Administrative salaries (non-factory) $105,000 Administrative rent (non-factory) 52,500 Advertising and promotion expense 61,500 Depreciation-administrative 33,000 Depreciation-factory 45,000 Depreciation-selling 25,500 Direct labor 262,500 Factory rent 27,000 Factory supplies used 18,000 Finished goods inventory (January 1) 85,500 Finished goods inventory (December 31) 78,000 Indirect material used 21,000 Indirect labor 28,500 Materials inventory (January 1) 19,500 Materials inventory (December 31) 30,000 Net delivered cost...
costs of goods manufactured and cost of goods sold Business Course # Return to course Cost of Goods Manufactured and cost of Goods Sold For each of the following unrelated companies, compute the cost of goods manufactured and the cost of goods sold: А в Selling expenses $500 $800 $600 Factory insurance 260 245 Ending finished goods inventory 810 750 Non-factory administrative expenses 250 450 Direct labor 2.560 2.760 2.120 Beginning materials inventory 520 670 Beginning work in process inventory...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company: Administrative salaries (non-factory) $105,000 Administrative rent (non-factory) 52,500 Advertising and promotion expense 61,500 Depreciation-administrative 33,000 Depreciation-factory 45,000 Depreciation-selling 25,500 Direct labor 262,500 Factory rent 27,000 Factory supplies used 18,000 Finished goods inventory (January 1) 85,500 Finished goods inventory (December 31) 78,000 Indirect material used 21,000 Indirect labor 28,500 Materials inventory (January 1) 19,500 Materials inventory (December 31) 30,000 Net delivered cost...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bishop Manufacturing Company: Administrative salaries (non-factory) $212,500 Administrative rent (non-factory) 117.500 Advertising and promotion expense 232,500 Depreciation-administrative 192.500 Depreciation-factory 237,500 Depreciation-selling 90,000 Direct labor 812.500 Factory rent 170,000 Factory supplies used 57.500 Finished goods inventory (January 1) 152.500 Finished goods inventory (December 31 157.500 Indirect material used 67.500 Indirect labor 110.000 Materials inventory (January 1) 55.000 Materials inventory (December 31) 75,000 Net delivered cost...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question marks. A B C Materials: Beginning inventory $ 156 $ 492 $ 330 Purchases ? 2,100 1,500 Ending inventory 222 300 ? Total material used 990 ? 1,320 Direct labor 1,740 2,880 2,400 Manufacturing overhead: Indirect material 288 ? 360 Indirect labor 480 450 1,050 Other ? 600 1,020 Total manufacturing overhead 1,560 1,440 ?...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. А в с Materials: Beginning inventory $ 78 $410 S 220 Purchases ? 1,750 1,000 Ending inventory 111 250 7 Total material used 495 ? 2 880 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 144 ? 110 Indirect labor 240 375 700 Other 7 500 680 Total manufacturing overhead 780 1,100 ?...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. A B C Materials: Beginning inventory $ 156 $ 820 $ 440 Purchases ? 3,500 2,000 Ending inventory 222 500 ? Total material used 990 ? 1,760 Direct labor 1,740 4,800 3,200 Manufacturing overhead: Indirect material 288 ? 220 Indirect labor 480 750 1,400 Other ? 1,000 1,360 Total manufacturing overhead 1,560 2,200 ?...
Schedule of Cost of Goods Manufactured and Sold At December 31,2016, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2016 Materials inventory, January 1 $81,250 Materials inventory, December 31 48,750 Work in process inventory, January 1 97,500 Work in process inventory, December 31 133,250 Finished goods inventory, January 1 165,750 Finished goods inventory, December 31 117,000 Net delivered cost of materials purchased 406,250 Direct labor 481,000 Indirect material 39,000 Indirect labor 120,250 Factory supplies...
Cost of Goods Manufactured and Sold Anglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year: Direct labor cost $495,900 Purchases of direct materials 378,890 Freight-in on materials 7,500 Factory supplies used 18,500 Factory utilities 54,000 Commissions paid 78,983 Factory supervision and indirect labor 165,000 Advertising 145,600 Materials handling 16,900 Work-in-process inventory, January 1 201,000 Work-in-process inventory, December 31 117,400 Direct materials inventory, January 1 37,200 Direct materials inventory, December 31...