Missing information in a schedule of cost of goods manufacturedRequired
Supply the missing information on the following schedule of cost of goods manufactured.
DEWBERRY CORPORATION Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2011 | ||
Raw materials |
|
|
Beginning inventory | $ ? |
|
Plus: Purchases | 120,000 |
|
Raw materials available for use | $148,000 |
|
Minus: Ending raw materials inventory | ? |
|
Cost of direct raw materials used |
| $124,000 |
Direct labor |
| ? |
Manufacturing overhead |
| 24,000 |
Total manufacturing costs |
| 310,000 |
Plus: Beginning work in process inventory |
| ? |
Total work in process |
| ? |
Minus: Ending work in process inventory |
| 46,000 |
Cost of goods manufactured |
| $306,000 |
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