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Accounting
Balances: Beginning Ending Direct Materials $ 10,500 $ 9,700 Work-in-Process Inventory 17,000 Finished Goods Inventory 31,000 Other information: Direct materials purchases $ 16,000 Plant janitorial services 500 Sales salaries expense 10,000 Delivery expense 1,600 Sales revenue 1, 100,000 Utilities for plant 16,000 Rent on plant 9,000 Customer service hotline costs 19,000 Direct labor 210,000

Balances: Beginning Ending Direct Materials $ 10,500 $ 9,700 Work-in-Process Inventory 17,000 Finished Goods Inventory 31,000 Other information: Direct materials purchases $ 16,000 Plant janitorial services 500 Sales salaries expense 10,000 Delivery expense 1,600 Sales revenue 1, 100,000 Utilities for plant 16,000 Rent on plant 9,000 Customer service hotline costs 19,000 Direct labor 210,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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This is the first problem in a sequence of problems for Piedmont Computer Company, a manufacturer of personal computers and tablets. During its first month of manufacturing, Piedmont Computer Company incurred the following manufacturing costs:

Prepare a schedule of cost of goods manufactured for Piedmont Computer Company for the month ended January 31, 2020.

Balances: Beginning Ending Direct Materials $ 10,500 $ 9,700 Work-in-Process Inventory 17,000 Finished Goods Inventory 31,000 Other information: Direct materials purchases $ 16,000 Plant janitorial services 500 Sales salaries expense 10,000 Delivery expense 1,600 Sales revenue 1, 100,000 Utilities for plant 16,000 Rent on plant 9,000 Customer service hotline costs 19,000 Direct labor 210,000
Transcribed Image Text:Balances: Beginning Ending Direct Materials $ 10,500 $ 9,700 Work-in-Process Inventory 17,000 Finished Goods Inventory 31,000 Other information: Direct materials purchases $ 16,000 Plant janitorial services 500 Sales salaries expense 10,000 Delivery expense 1,600 Sales revenue 1, 100,000 Utilities for plant 16,000 Rent on plant 9,000 Customer service hotline costs 19,000 Direct labor 210,000
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