Question

A) Use the information to prepare a schedule of cost of goods manufactured.

B) What the unit product cost if Harding manufactured 4,390 maps for the year

Harding Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2016 EEB (Click the icon to view year-end information.) Data Table Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Harding manufactured 4,390 lamps for the year? Inventories: Beginning Ending Requirement 1. Use the information to prepare a schedule of cost of goods manufactured Raw Materials $ 60,000 24,000 65,000 46,000 103,000 Harding, Corp Schedule of Cost of Goods Manufactured Year Ended December 31, 2016 Finished Goods Other information: Depreciation, plant building and equipment Raw materials purchases Insurance on plant Sales salaries Repairs and maintenance plant Indirect labor Direct labor Administrative expenses 41,000 $17,000 154,000 27,000 48,000 11,000 31,000 125,000 55,000 Direct Materials Used: Direct Materials Used

Answer 1

Harding. Corp
Cost of Goods Manufactured
For the year ended December 31, 2016
Beginning Work in process			$ 1,03,000.00
Direct materials used
Raw material Inventory Beginning	$      60,000.00
Raw material Purchased	$ 1,54,000.00
Raw material available for use	$ 2,14,000.00
Less: Raw material Inventory Ending	$      24,000.00
Direct Material Used		$    1,90,000.00
Direct labor		$    1,25,000.00
Manufacturing Overheads
Depreciation plant building and equipment	$      17,000.00
Insurance on plant	$      27,000.00
Repair and maintenance - Plant	$      11,000.00
Indirect labor	$      31,000.00
Total Manufacturing Overheads		$       86,000.00
Total manufacturing cost incurred during the year			$ 4,01,000.00
Total manufacturing cost to account for			$ 5,04,000.00
Less: Ending WIP inventory			$      65,000.00
Cost of goods manufactured			$ 4,39,000.00

Requirement (B)

Cost of goods manufactured	$ 4,39,000.00
Units produced	4,390
Cost per unit	$            100.00