Question

*Exercise 19-12 a-b (Part Level Submission) Sunland 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 $5,420 22,300 3,620 4,630 5,310 8,420 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $410 1,560 42,630 1,990 2,120 3,150 *(a) Prepare a cost of goods manufactured schedule for June 2020. SUNLAND CORPORATION Cost of Goods Manufactured Schedule - - - -- - - - -- -

Answer 1

SUNLAND CORPORATION
Cost of Goods Manufactured Schedule
June 2020
Work in process, 6/1/20			3,620
Direct material		22,300
Direct labor		42,630
Factory Overheads:
Indirect factory labor	5,420
Factory utilities	410
Depreciation factory equipment	1,560
Maintenance factory equipment	1,990
Indirect materials	2,120
Factory managers salary	3,150
Total Factory Overheads		14,650
Total Manufacturing Cost			79,580
Total Cost of Work in Process			83,200
Less: Work in process, 6/30/20			-4,630
Cost of Goods Manufactured			$78,570

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