Question

Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials purchases $ Raw materials inventory, December 31, 2018 984,000 165,000 1,149,000 $ 1,149,000 Raw materials available for use Less: Raw materials inventory, December 31, 2019 Direct materials used Finished goods, December 31, 2019 Factory overhead Depreciation expense---Factory equipment Factory supervision Factory supplies used Factory utilities Indirect labor Maintenance expense--Factory equipment Miscellaneous production costs Rent expense-Factory building ces 0 1,149,000 Total factory overhead costs Total manufacturing costs Add: Work in process inventory, December 31, 2018 Total cost of work in process Less: Work in process inventory, December 31, 2019 Cost of goods manufactured 1,149,000 $ 1,149,000 Drou Nevt

Answer 1

LEONE COMPANY Schedule of cost of Good Manufactured for the year ended December 31, 2019 Particular + Row material purchases 984000 Raw material Goventooy, Dec.31,2018 165,000 Raw material available for use 1149,000 Less: Raw materia) Inventory, Dec31,19 1,94,000 Direct material used 9,5,ooo Direct Labour 6,92100 factory Over head Indirect labor 50200 Factedy supervision 123900 factory supplies 8,000 factory writies 43,000 Misc. Production cost 12,000 Rent - Factory building 76,800 Maintenance exp.factory eg. 39,700 Depricies lm-factory equip. 31,400 391,000 Total Manufacturing cost 2038100 Add : Work in Process inventory Dec 31, 18 is, 200 Total cost of work in process 2053300 Less: Work in Process inventory Dec, 37,19 20,000 cost of good manufactured 2033,300