Question

i Data Table Beginning $ 55,000 102.000 40.000 Ending $ 28,000 64.000 46.000 Js Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses 15,000 160.000 21 000 45.000 11.000 32 000 130,000 53,000 Us Over Print Done any li! Check Answer Clear All

Answer 1

$102,000 Harding Corp. Schedule of cost of goods manufactured. Year Ended December 31, 2018 Beginning Work in Process Inventory Direct Materials Used: Beginning Direct Materials $55,000 Add: Direct materials purchases $160,000 Raw materials available for use $215,000 Less: Ending Direct materials $28,000 Direct materials used Direct Labor Manufacturing overhead: Depreciation, plant, building and equipment $15,000 Insurance on plant $21,000 Repair and maintenance-plant $11,000 Indirect labor $32,000 Total factory overhead Total manufacturing costs Incurred during the year Total manufacturing costs to Account For Less: Ending Work in Process Inventory Cost of goods manufactured $187,000 $130,000 $79,000 $396,000 $498,000 $64,000 S434,000 $125.00 Unit product cost ($434,000/3,472)