The following information is available for Tomlin Company.
Solution
TOMLIN COMPANY | |||
Cost of Goods Manufactured schedule | |||
For the Month ended April 30 | |||
Work in process. April 1 | $ 5,290.00 | ||
Direct materials used | |||
Raw material April, 1 | $ 10,400 | ||
Raw material Purchased | $ 98,200 | ||
Raw material available for use | $ 108,600 | ||
Less: Raw material, April 30 | $ 13,800 | ||
Direct Material Used | $ 94,800 | ||
Direct labor | $ 79,700 | ||
Manufacturing Overheads | $ 160,000 | ||
Total manufacturing cost incurred during the year | $ 334,500 | ||
Total manufactiuring cost to account for | $ 339,790 | ||
Less: Work in process, April 30 | $ 3,340 | ||
Cost of goods manufactured | $ 336,450 |
The following information is available for Tomlin Company. Raw materials inventory Work in process inventory April...
The following information is available for Tomlin Company. Raw materials inventory Work in process inventory April 1 April 30 $10,300 $13,900 4,930 3,850 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,500 79,900 162,000 Prepare the cost of goods manufactured schedule for the month of April. Cost of Goods Manufactured Schedule
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Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...