From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson...

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From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company fo

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SAMPSON MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended December 31, 2019
Work in process inventory,December 1			$ 25,000
Direct materials :
Raw Materials Inventory, December 1	$ 12,000
Raw Materials Purchases	$ 105,000
Raw materials avaialble for use	$ 117,000
Raw Materials Inventory, December 31	($ 19,000)
Raw materials used in production		$ 98,000
Direct labor		$ 70,000
Factory (or) Manufacturing overhead :
Factory Supervisory salaries	$ 12,000
Factory Depreciation expense	$ 8,000
Factory Utilities expense	$ 6,000
Indirect labor	$ 21,000
Total Factory (or) Manufacturing overhead		$ 47,000
Total Manufacturing cost			$ 215,000
Total Cost of work in process			$ 240,000
Less: Work in process inventory, December 31			($ 15,000)
Cost of Goods Manufactured			$ 225,000

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