Answer:
CRANE COMPANY |
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Cost of Goods Manufactured Schedule |
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For the Year ended June 30, 2020 |
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Beginning work in process Inventory |
$ 22,900.00 |
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Direct Material |
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Beginning raw material Inventory |
$ 50,000.00 |
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Add: Raw material Purchases |
$ 96,900.00 |
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Raw material Available for use |
$ 1,46,900.00 |
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Less: Ending Raw material Inventory |
$ 47,300.00 |
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Material Used in Production |
$ 99,600.00 |
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Direct labor |
$ 1,44,850.00 |
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Manufacturing Overheads |
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Indirect labor |
$ 25,160.00 |
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Factory insurance |
$ 5,400.00 |
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Factory machine depreciation |
$ 18,600.00 |
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Factory Utilities |
$ 31,000.00 |
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Plant manager's salary |
$ 65,600.00 |
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Factory property tax |
$ 9,810.00 |
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Factory repairs |
$ 1,500.00 |
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Total manufacturing overheads |
$ 1,57,070.00 |
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Total manufacturing Cost |
$ 4,01,520.00 |
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Total Cost of Work in Progress |
$ 4,24,420.00 |
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Less: Ending Work in progress |
$ 24,500.00 |
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Cost of Goods Manufactured |
$ 3,99,920.00 |
Problem 14-04A a-c (Video) (Part Level Submission) The following data were taken from the records of...
The following data were taken from the records of Crane Company
for the fiscal year ended June 30, 2020.
Prepare a cost of goods manufactured schedule. (Assume all raw
materials used were direct materials.)
Problem 14-04A a-c (Video) (Part Level Submission) The following data were taken from the records of Crane Company for the fiscal year ended June 30, 2020 Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory...
Problem 19-04A a-c (Part Level Submission) (Video) The following data were taken from the records of Sheridan Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $54,600 Factory Insurance $4,700 Raw Materials Inventory 6/30/20 44,200 Factory Machinery Depreciation 17,700 Finished Goods Inventory 7/1/19 96,800 Factory Utilities 31,600 Finished Goods Inventory 6/30/20 26,300 Office Utilities Expense 8,550 Work in Process Inventory 7/1/19 24,600 Sales Revenue 562,900 Work in Process Inventory 6/30/20 29,600 Sales Discounts 4,600 Direct Labor...
CES Problem 14-04A a-c (Video) The following data were taken from the records of Coronado Company for the fiscal year ended June 30, 2020. zudy. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $51,600 45,500 99,100 22,300 29,600 28,100 145,750 26,660 35,400 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts...
Problem 14-04A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $50,400 Factory Insurance $5,500 Raw Materials Inventory 6/30/20 39,900 Factory Machinery Depreciation 18,100 Finished Goods Inventory 7/1/19 99,600 Factory Utilities 30,100 Finished Goods Inventory 6/30/20 20,600 Office Utilities Expense 8,650 Work in Process Inventory 7/1/19 27,300 Sales Revenue 562,100 Work in Process Inventory 6/30/20 20,100 Sales Discounts 5,300 Direct Labor 148,350 Plant Manager's Salary 64,900...
"Problem 19-04A a-c (Video) The following data were taken data were taken from the records of Concord Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $53,000 48,400 97,400 23,100 28,000 27,100 143,150 25,760 32,700 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales...
Problem 14-04A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $51,500 47,900 98,100 27,700 25,200 21,000 145,850 25,260 35,200 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory...
Problem 14-04A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $49,900 45,000 96,100 28,500 22,700 29,200 145,050 27,360 34,100 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory...
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $56,700 Factory Insurance $5,100 Raw Materials Inventory 6/30/20 40,400 Factory Machinery Depreciation 17,300 Finished Goods Inventory 7/1/19 96,100 Factory Utilities 30,600 Finished Goods Inventory 6/30/20 20,100 Office Utilities Expense 8,550 Work in Process Inventory 7/1/19 28,600 Sales Revenue 560,600 Work in Process Inventory 6/30/20 24,500 Sales Discounts 4,800 Direct Labor 142,850 Plant Manager’s Salary 61,500 Indirect Labor...
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $51,600 Factory Insurance $5,200 Raw Materials Inventory 6/30/20 45,500 Factory Machinery Depreciation 17,900 Finished Goods Inventory 7/1/19 99,100 Factory Utilities 31,100 Finished Goods Inventory 6/30/20 22,300 Office Utilities Expense 9,450 Work in Process Inventory 7/1/19 29,600 Sales Revenue 557,100 Work in Process Inventory 6/30/20 28,100 Sales Discounts 5,000 Direct Labor 145,750 Plant Manager’s Salary 65,300 Indirect Labor...
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $56,700 40,400 96,100 20,100 28,600 24,500 142,850 25,160 34,800 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes...