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Bonner phone corporation
Cost of goods manufactured Schedule
For the year ended July 31,2007
| Particulars | Amount($) | Amount($) |
| Raw materials inventory beginning | 48700 | |
| Add: | ||
| Raw materials purchased | 180450 | |
| Total raw materials available for use | 229150 | |
| Less: | ||
| Raw materials inventory ending | (46200) | |
| Total materials used | 182950 | |
| Less: | ||
| Indirect materials & supplies | (26450) | |
| Direct materials used | 156500 | |
| Direct labor | 577600 | |
| Factory overhead: | ||
| Indirect labor | 27200 | |
| Indirect materials and supplies | 26450 | |
| Payroll taxes-expense | 19930 | |
| Utilities | 18060 | |
| Repairs and maintenance | 13800 | |
| Depreciation-factory equipment | 9200 | |
| Insurance | 6430 | |
| Rent - factory building | 15500 | |
| Total factory overheads | 136570 | |
| Total manufacturing costs | 870670 | |
| Add: | ||
| Work in process, beginning | 30900 | |
| Total cost of work in process | 901570 | |
| Less: | ||
| Work in process, ending | (33650) | |
| Cost of goods manufactured | 867920 |
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W nu juures udleu April 30, 2006. (1.2B) Prepare a statement of cost of goods manufactured....
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An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
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SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
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An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
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An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $213,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ 164,300 Add: Raw materials purchases Total raw materials available for use 29,530 Less: Raw materials inventory (12/31) Direct materials used $185,570 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 25,530...
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