Aikman Corporation has the following cost records for June 2020: Indirect factory labour $4,550 Factory utilities...
Aikman Corporation has the following cost records for June 2020:
| Indirect factory labour | $4,550 | Factory utilities | $400 | ||||
|---|---|---|---|---|---|---|---|
| Direct materials used | 25,700 | Depreciation, factory equipment | 1,450 | ||||
| Work in process (6/1/20) | 3,150 | Direct labour | 30,400 | ||||
| Work in process (6/30/20) | 3,100 | Maintenance, factory equipment | 1,850 | ||||
| Finished goods (6/1/20) | 5,100 | Indirect materials | 2,200 | ||||
| Finished goods (6/30/20) | 8,650 | Factory manager’s salary | 3,500 |
Prepare a cost of goods manufactured schedule for June 2020.
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AIKMAN CORPORATION |
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Homework Answers
SCHEDULE OF COST OF GOODS MANUFACTURED
| DETIALS | AMOUNT($) | AMOUNT($) |
| DIRECT MATERIAL(DIRECT MATERIAL USED) | 25700 | |
| DIRECT LABOUR | 30400 | |
| MANUFACTURING OVERHEADS | ||
| INDIRECT FACTORY LABOUR | 4550 | |
| FACTORY UTILITIES | 400 | |
| DEPRECIATION,FACTORY EQUIPMENT | 1450 | |
| MAINTENANCE,FACTORY EQUIPMENT | 1850 | |
| INDIRECT MATERIAL | 2200 | |
| FACTORY MANAGER SALARY | 3500 | |
| TOTAL MANUFACTURING COST | 13950 | |
| BEGINNING WIP | 3150 | |
| CLOSING WIP | (3100) | |
| COST OF GOOD MANUFACTURED | 70100 |
Add Answer to:
Aikman Corporation has the following cost records for June
2020:
Indirect factory labour
$4,550
Factory utilities...
Aikman Corporation has the following cost records for June 2020: Indirect factory labour $4,550 Factory utilities...
Aikman Corporation has the following cost records for June 2020: Indirect factory labour $4,550 Factory utilities $400 Direct materials used 25,700 Depreciation, factory equipment 1,450 Work in process (6/1/20) 3,150 Direct labour 30,400 Work in process (6/30/20) 3,100 Maintenance, factory equipment 1,850 Finished goods (6/1/20) 5,100 Indirect materials 2,200 Finished goods (6/30/20) 8,650 Factory manager’s salary 3,500 Prepare an income statement through gross profit for June 2020, assuming net sales are $90,600. (Enter negative amounts using either a negative sign...
Waterway Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities...
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Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,150 Factory utilities...
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Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $4,750 21,330 3,400 4,540 6,090 8,470 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $440 1,590 42,300 1,900 2,140 3,360 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Year Ended June 30,...
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Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities $470 Direct materials used 22,680 Depreciation, factory equipment 1,540 Work in process, 6/1/20 3,540 Direct labor 42,930 Work in process, 6/30/204,880 Maintenance, factory equipment 1,850 Finished goods, 6/1/20 5,940 Indirect materials 2,820 Finished goods, 6/30/20 7,940 Factory manager's salary 3,120 (a) Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule Save for Later
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,600 Factory utilities $410 1.500 Direct materials used 21,000 Depreciation, factory equipment 41,000 Work in process. 6/1/20 Work in process, 6/30/20 3,100 Direct labor 3.900 Maintenance, factory equipment 1.810 Finished goods, 6/1/20 Finished goods, 6/30/20 5.100 7,600 Indirect materials Factory manager's salary 2,100 3,100 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5.330 Factory utilities $440 Direct materials used Work in process, 6/1/20 22,580 3,910 Depreciation, factory equipment Direct labor 1,640 42,770 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 4,680 5,510 ,270 Maintenance, factory equipment Indirect materials Factory manager's salary 1,940 2.430 3.210 8 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule
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Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,150 Factory utilities $500 Direct materials used 22,360 Depreciation, factory equipment 1,620 Work in process, 6/1/20 3,480 Direct labor 42,170 Work in process, 6/30/20 4,620 Maintenance, factory equipment 2,000 5,660 Indirect materials 2,600 Finished goods, 6/1/20 Finished goods, 6/30/20 7,680 Factory manager's salary 3,340 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule $ We were unable to transcribe...
FA 20 Question 7 Unitas Corporation has the following cost records for June 2020: Indirect factory labour $5,000 Factory utilities Direct materials used 25,200 Depreciation, factory equipment Work in process (6/1/20) 3,350 Direct labour Work in process (6/30/20) 3,300 Maintenance, factory equipment Finished goods (6/1/20) 5,400 Indirect materials Finished goods (6/30/20) 8,850 Factory manager's salary $600 1,700 30,000 1,800 2,400 3,300 ts by Study (a) Prepare a cost of goods manufactured schedule for June 2020. UNITAS CORPORATION Cost of Goods...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $4,750 21,330 3,400 4,540 6,090 8,470 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $440 1,590 42,300 1,900 2,140 3,360 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Year Ended June 30,...
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