Question

Requirement 2 Complete the Schedule of Cost of Goods Manufactured. (Always use cell references and formulas where appropriate to receive full credit. Al values should be added as positive numbers.) Fremont Troll House Cookies Schedule of Cost of Goods Manufactured Month Ended March 31, 2018 $ 2,500 Direct Materials Used Direct Labor Manufacturing Overhead Beginning Work-in-Process Inventory Ending Work in Process Inventory Requirement 3 Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 16,000 units were manufactured. (Always use cell references and formulas where appropriate to receive full credit. All values should be added as positive numbers.) Cost of Goods Manufactured Total Units Produced Unit Product Cost $ 16,800 16.000 $ 1.05 HINTS 31 All values other than the value for Ending Work-in-Process inventory should be entered as positive values. Use minus sign to enter the value for Ending Work in Process Inventory Cell Hint: 33 E10, D11:013, E16, C25 Use the numeric values from the Instructions tab for calculations. Do not use an equal sign (-) when entering a single numeric value. 34 E14 Use the SUMO) function to calculate the total manufacturing costs incurred during period.

Answer 1

Fremont Toll House Cookies
Schedule of Cost of Goods Manufactured
Month ended march 31,2018
Particulars		Amount	Classification of Cost
Direct Material Used		2,500	Product Cost
Direct labour		3,000	Product Cost
Manufacturing overhead		11,000	Product Cost
Beginning Work-in Process Inventory		1,500
Ending work-in process inventory		(1,200)
Total cost of goods manufactured		16,800
Total Unit produced		16,000
Unit Product Cost		1.05