An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Splish Brothers Company. (Assume that all raw materials used were direct materials.) Work in process, January 1 Direct materials Raw materials inventory, January 1 $ Raw materials purchases Total raw materials available for use Less: Raw materials inventory, December 31 Direct materials used Direct labor Manufacturing overhead Indirect labor SPLISH BROTHERS COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 184,000 27,000 $208,800 21,600 Factory depreciation 41,400 Factory utilities 79,600 Total manufacturing overhead 142,600 Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured
An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Splish Brothers Company. (Assume that all raw materials used were direct materials.) Work in process, January 1 Direct materials Raw materials inventory, January 1 $ Raw materials purchases Total raw materials available for use Less: Raw materials inventory, December 31 Direct materials used Direct labor Manufacturing overhead Indirect labor SPLISH BROTHERS COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 184,000 27,000 $208,800 21,600 Factory depreciation 41,400 Factory utilities 79,600 Total manufacturing overhead 142,600 Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:An incomplete cost of goods manufactured schedule is presented here.
Complete the cost of goods manufactured schedule for Splish Brothers Company. (Assume that all raw materials used were direct
materials.)
Work in process, January 1
Direct materials
Raw materials inventory, January 1
$
Raw materials purchases
Total raw materials available for use
Less: Raw materials inventory, December 31
Direct materials used
Direct labor
Manufacturing overhead
Indirect labor
SPLISH BROTHERS COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2022
184,000
27,000
$208,800
21,600
Factory depreciation
41,400
Factory utilities
79,600
Total manufacturing overhead
142,600
Total manufacturing costs
Total cost of work in process
Less: Work in process, December 31
Cost of goods manufactured
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