Bellmont Manufacturing used $85,000 of direct materials and incurred $42,000 of direct labor costs during the current year. Indirect labor amounted to $3,200, while indirect materials used totaled $2,100. Other operating costs pertaining to the factory included utilities of $4,200, maintenance of $5,000, supplies of $2,400, depreciation of $8,500, and property taxes of $3,200. There was no beginning or ending finished goods inventory, but work-in-process inventory began the year with a $6,800 balance and ended the year with an $8,200 balance. Prepare a statement of the cost of goods manufactured. (In table format)

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Bellmont Manufacturing used $85,000 of direct materials
and incurred $42,000 of direct labor costs during the current
year. Indirect labor amounted to $3,200, while indirect
materials used totaled $2,100. Other operating costs
pertaining to the factory included utilities of $4,200,
maintenance of $5,000, supplies of $2,400, depreciation of
$8,500, and property taxes of $3,200. There was no beginning
or ending finished goods inventory, but work-in-process
inventory began the year with a $6,800 balance and ended
the year with an $8,200 balance.
Prepare a statement of the cost of goods manufactured. (In
table format)
Transcribed Image Text:Bellmont Manufacturing used $85,000 of direct materials and incurred $42,000 of direct labor costs during the current year. Indirect labor amounted to $3,200, while indirect materials used totaled $2,100. Other operating costs pertaining to the factory included utilities of $4,200, maintenance of $5,000, supplies of $2,400, depreciation of $8,500, and property taxes of $3,200. There was no beginning or ending finished goods inventory, but work-in-process inventory began the year with a $6,800 balance and ended the year with an $8,200 balance. Prepare a statement of the cost of goods manufactured. (In table format)
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