CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2017 |
|||
Work in Process, June 1 |
3000 |
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Direct Materials used |
20000 |
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Direct Labor |
40000 |
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Manufacturing Overhead |
|||
Indirect Factory Labor |
4500 |
||
Factory manager's salary |
3000 |
||
Indirect Materials |
2200 |
||
Maintenance, Factory Equipment |
1800 |
||
Depreciation, Factory Equipment |
1400 |
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Factory Utilities |
400 |
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Total Manufacturing Overhead |
13300 |
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Total Manufacturing Cost |
73300 |
||
Total Cost of Work in Process |
76300 |
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Less: Work in Process, June 30 |
3800 |
||
Cost of Goods Manufactured |
$72500 |
CEPEDA CORPORATION Income Statement (Partial) For the Month Ended June 30, 2017 |
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Sales Revenue |
92100 |
|
Cost of Goods Sold |
||
Finished goods inventory, June 1 |
5000 |
|
Cost of Goods Manufactured |
72500 |
|
Cost of Goods Available for Sale |
77500 |
|
Less: Finished goods inventory, June 30 |
7500 |
|
Cost of Goods Sold |
70000 |
|
Gross Profit |
22100 |
Due to change in beginning work in process, direct labor and indirect materials, there is increase in cost of goods manufactured by $700 from $73200 to $72500.
CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2017 |
|||
Work in Process, June 1 |
4200 |
||
Direct Materials used |
20000 |
||
Direct Labor |
39000 |
||
Manufacturing Overhead |
|||
Indirect Factory Labor |
4500 |
||
Factory manager's salary |
3000 |
||
Indirect Materials |
2700 |
||
Maintenance, Factory Equipment |
1800 |
||
Depreciation, Factory Equipment |
1400 |
||
Factory Utilities |
400 |
||
Total Manufacturing Overhead |
13800 |
||
Total Manufacturing Cost |
72800 |
||
Total Cost of Work in Process |
77000 |
||
Less: Work in Process, June 30 |
3800 |
||
Cost of Goods Manufactured |
$73200 |
Autent %* Excellerplignment, CNT). Protected in File Home insert Draw Page Layout Formulas Data Review View...
File Home Insert Draw Page Layout Formulas Data Review View Help Quickilooks PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing HiXf 4 A CDE G IJKLMN 1 E1-16 Prepare a cost of goods manufactured schedule and present the ending inventories on the balance sheet 2 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended 3...
AutoSave ExcelTemplateAssignment Cho1 (1) - Protected View Ex. File Home Insert Draw Page Layout Formulas Data Review View Нelp QuickBooks O PROTECTED VIEW Be careful-files trom the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing G35 1 P1-4A Prepare a cost of goods manufactured schodule, a partial income statement, and a partial balance sheet 2. 3 The following data were taken from the records of Clarkson Company for the fiscal...
AutoSave 3 H B = ExcelTemplatestignment, CHCI (1) - Protected viena File Home Insert Draw Page Layout Formulas Review ViewHelp Quicktoos PROTECTED VIEW Be carefules from the Internet can contain s Unless you need to edit safe to stay in Protected frated B8 X For the Month Ended October 31, 2017 4 А 1 P1-5A Prepare a cost of goods manufactured schedule and a correct income statement 2 Empire Company is a manufacturer of smart phones. Its controller resigned in...
Exercise 14-12 Cepeda Corporation has the following cost records for June 2017, Indirect factory labor $4,640 Factory utilities Direct materials used 22,900 Depreciation, factory equipment Work in process, 6/1/17 4,010 Direct labor Work in process, 6/30/17 4,570 Maintenance, factory equipment Finished goods, 6/1/17 5,690 Indirect materials Finished goods, 6/30/17 8,080 Factory manager's salary $490 1,660 41,660 1,820 2,730 3,990 Prepare a cost of goods manufactured schedule for June 2017. Prepare a cost of goods manufactured schedule for June 2017. CEPEDA...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. $4,690 Factory utilities $430 Indirect factory labor Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 1.910 4.410 5,650 Maintenance, factory equipment Indirect materials Finished goods, 6/1/20 2,810 Finished goods, 6/30/20 8,030 Factory manager's salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods...
*Exercise 10-12 (Part Level Submission) Cepeda Corporation has the following cost records for June 2017 3 40,000 Indirect factory abor 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 4.500 20.000 .000 3,800 5.000 7.500 Factory i s Depreciation factory equipment Direct labor Maintenance factory equipment Indirect materials Factory manager's salary 1.800 2.000 *(a) Your answer is correct. Prepare a cost of goods manufactured schedule for June 2017. CEPEDA CURELIIKIN For the...
AutoSave OB A S ExcelTemplateAssignment.ChO2 (1) · Protected View - Excel Search ile Home Insert Page Layout Formulas Data Review View Help DYMO Label QuickBooks PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable 1 . 1 X E 2-9 Prepare a cost of goods manufactured schedule and partial financial statements 1 A B C D E F G H I J K E2-9 Prepare a...
Cepeda 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 $5,400 21,100 3,860 3,980 6,050 7,930 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $460 1,620 41,620 1,990 2,910 3,960 CEPEDA CORPORATION Cost of Goods Manufactured Schedule Prepare an income statement through gross profit for June 2017 assuming sales revenue is $88,030. CEPEDA...
*Exercise 10-12 (Part Level Submission) Cepeda 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 $4,500 20,000 3,000 3,800 5,000 7,500 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $400 1,400 40,000 1,800 2,200 3,000 *(a) Prepare a cost of goods manufactured schedule for June 2017. CEPEDA CORPORATION Cost of Goods Manufactured Schedule...
part B) Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,690 Factory utilities $430 Direct materials used 22,410 Depreciation factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 4,410 Maintenance, factory equipment 1,910 2,810 Finished goods, 6/1/20 Finished goods, 6/30/20 5,650 Indirect materials 8,030 Factory manager's salary 3,930 Your Answer Correct Answer Your answer is correct. Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost...