Question

P16-28A (similar to) Question Help Organic Bones manufactures its own brand of pet chew bones. At the end of December 2018, the sccounting records showed the following: 38 Click the icon to view the accounting records.) Read the requirements Requirement 1. Prepare a schedule of cost of goods manufactured for Organic Bones for the year ended December 31, 2018. (For accounts with a $0 balanos, make sure to enter "O' in the appropriate column) Organic Bones Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direc: Materials Used: Requirements Direct Materials Used 1. Prepare a schedule of cost of goods manufactured for Organic Bones for the year ended December 31, 2018 2. Prepare an income statement for Organic Bones for the year ended December 31, 2018 3. How does the format of the income statement for Organic Bones differ from the income stale nental a merchandiser? 4. Organic Bones manufactured 17 200 units of its product in 2019. Compute the company's unit product cost for the year, rounded to the nearest cent. Manufacturing Overhead: Print Done Tolal Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured

Answer 1

Organic Bones Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Work in Process Inventory, Beginning Direct Material Used Direct Materials, Beginning $13,200 Add: Direct Materials Purchases $35,000 Direct materials available $48,200 Less: Direct Materials, Ending $10,000 Direct Material Used Direct Labor Mnufacturing overhead: Plant janitorial service $900 Utilities for plant $1,500 Rent on plant $14,000 Total manufacturing overhead Total Manufacturing Costs Incurred During the Year Total Manufacturing Costs in Account For Less: Work in Process Inventory, Ending Cost of Goods Manufactured $58,200 $16,000 $16,400 $90,600 $90,600 $1,100 $89,500