Question

Daisy Consuling is going to manufacture billing software. During its first month of manufacturing, Daisy incurred the following manufacturing costs 囲(Click the icon to view the manufacturing costs.) Data Table Prepare a schedule of cost of goods manufactured for Daisy for the month ended January 31, 2018. (Co Daisy Consulting Schedule of Cost of Goods Manufactured Month Ended January 31, 2018 Beginning Ending Inventories Raw Materials Work-in-Process Finished Goods Other information Raw materials purchases Plan Sales salaries expense Delivery expense Sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor 10,500 10,000 23,000 33,000 Beginning Work-in-Process Inventory Direct Materials Used Beginning Raw Materials Inventory Purchases of Raw Materials Raw Materials Available for Use Ending Raw Materials Inventory 21,000 100 7,800 1,800 1,250,000 9,000 17,000 19,000 240,000 t janitorial services Direct Materials Used Direct Labor Manufacturing Overhead Plant janitorial services Rent on plant ltilitiae fnr nlant

Answer 1

Beginning Work-In-Process Inventory			0
Direct Materials Used:
Beginning Raw Materials Inventory	10500
Purchases of Raw Materials	21000
Raw Materials Available for Use	31500
Ending Raw Materials Inventory	(10000)
Direct Materials Used		21500
Direct Labor		240000
Manufacturing Overhead:
Plant Janitorial Services	100
Rent on Plant	17000
Utilities for plant	9000
Total Manufacturing Overhead		26100
Total Manufacturing Costs Incurred during the Year			287600
Total Manufacturing Costs to Account For			287600
Ending Work-in-Process Inventory			(23000)
Cost of Goods Manufactured			264600
Note: The amounts for ending inventories can alternatively be written without parenthesis.