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.) SPLISH BROTHERS COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2027 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 184,000 27,000 $208,800 Manufacturing overhead Indirect labor 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 $2- $6
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.) SPLISH BROTHERS COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2027 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 184,000 27,000 $208,800 Manufacturing overhead Indirect labor 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 $2- $6
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.)
SPLISH BROTHERS COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2027
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
184,000
27,000
$208,800
Manufacturing overhead
Indirect labor
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
$2-
$6
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