Question

Blue Corporation has the following cost records for June 2017. Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process, 6/30/17 Finished goods, 6/1/17 Finished goods, 6/30/17 $5,220 Factory utilities 22,500 Depreciation, factory equipment 3,820 Direct labor 4,360 Maintenance, factory equipment 5,420 Indirect materials 8,300 Factory manager's salary $510 1,720 42,400 1,960 2,430 3,980

Answer 1

BLUE CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2017 work in process, 6/1/17 Direct materials used Direct labor Manufacturing Overhead: Indirect Factory labor Factory Utilities Depreciation, factory equipment Maintenance, factory equipment Indirect materials Factory Mangaer's salary Total manufacturing overhead Total Manufacturing Costs Total Cost of Work in Process Work in process, 6/30/17 Cost of goods Manufactured 3,820 22,500 $ 42,400 5,220 $ 510 1,720 S 1,960 2,430 3,980 15,820 $ 80,720 $ 84,540 4,360 $ 80,180