Bonita Company produces small gasoline-powered engines for model airplanes. Mr. Lewis, Bonita’s CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 64,000 Direct Materials Inventory, ending $ 47,000 Work in Process Inventory, beginning $ 30,000 Work in Process Inventory, ending $ 24,000 Direct labor $ 158,000 Direct materials purchases $ 219,000 Insurance, factory $ 42,000 Depreciation, factory $ 20,000 Depreciation, executive offices $ 12,000 Indirect labor $ 17,000 Utilities, factory $ 18,000 Utilities, executive offices $ 9,000 Property taxes, factory $ 14,000 Property taxes, executive offices $ 8,000 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Lewis. Bonita Company Schedule of Cost of Goods Manufactured select an opening name for section one select an item $enter a dollar amount select between addition and deduction : select an item enter a dollar amount select between addition and deduction : select an item enter a dollar amount select a closing name for section one $enter a total amount for section one select an item enter a dollar amount select an opening name for section two select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select a closing name for section two enter a total amount for section two select a summarizing line for the first part enter a total amount for the first part select between addition and deduction : select an item enter a dollar amount select between addition and deduction : select an item enter a dollar amount select a closing name for this schedule $enter a total amount for this schedule Please answer ASAP! I have included a list of particulars. I will upvote instantly if helpful (:
Bonita Company produces small gasoline-powered engines for model airplanes. Mr. Lewis, Bonita’s CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 64,000 Direct Materials Inventory, ending $ 47,000 Work in Process Inventory, beginning $ 30,000 Work in Process Inventory, ending $ 24,000 Direct labor $ 158,000 Direct materials purchases $ 219,000 Insurance, factory $ 42,000 Depreciation, factory $ 20,000 Depreciation, executive offices $ 12,000 Indirect labor $ 17,000 Utilities, factory $ 18,000 Utilities, executive offices $ 9,000 Property taxes, factory $ 14,000 Property taxes, executive offices $ 8,000 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Lewis. Bonita Company Schedule of Cost of Goods Manufactured select an opening name for section one select an item $enter a dollar amount select between addition and deduction : select an item enter a dollar amount select between addition and deduction : select an item enter a dollar amount select a closing name for section one $enter a total amount for section one select an item enter a dollar amount select an opening name for section two select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select a closing name for section two enter a total amount for section two select a summarizing line for the first part enter a total amount for the first part select between addition and deduction : select an item enter a dollar amount select between addition and deduction : select an item enter a dollar amount select a closing name for this schedule $enter a total amount for this schedule Please answer ASAP! I have included a list of particulars. I will upvote instantly if helpful (:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Bonita Company produces small gasoline-powered engines for model airplanes. Mr. Lewis, Bonita’s CFO, has presented you with the following cost information:
Using this cost information, prepare a cost of goods manufactured schedule for Mr. Lewis.
Direct Materials Inventory, beginning | $ | 64,000 | |||
Direct Materials Inventory, ending | $ | 47,000 | |||
Work in Process Inventory, beginning | $ | 30,000 | |||
Work in Process Inventory, ending | $ | 24,000 | |||
Direct labor | $ | 158,000 | |||
Direct materials purchases | $ | 219,000 | |||
Insurance, factory | $ | 42,000 | |||
$ | 20,000 | ||||
Depreciation, executive offices | $ | 12,000 | |||
Indirect labor | $ | 17,000 | |||
Utilities, factory | $ | 18,000 | |||
Utilities, executive offices | $ | 9,000 | |||
Property taxes, factory | $ | 14,000 | |||
Property taxes, executive offices | $ | 8,000 |
Using this cost information, prepare a cost of goods manufactured schedule for Mr. Lewis.
Bonita Company
Schedule of Cost of Goods Manufactured |
|||||
---|---|---|---|---|---|
select an opening name for section one
|
|||||
select an item
|
$enter a dollar amount | ||||
select between addition and deduction : select an item
|
enter a dollar amount | ||||
select between addition and deduction : select an item
|
enter a dollar amount | ||||
select a closing name for section one
|
$enter a total amount for section one | ||||
select an item
|
enter a dollar amount | ||||
select an opening name for section two
|
|||||
select an item
|
enter a dollar amount | ||||
select an item
|
enter a dollar amount | ||||
select an item
|
enter a dollar amount | ||||
select an item
|
enter a dollar amount | ||||
select an item
|
enter a dollar amount | ||||
select a closing name for section two
|
enter a total amount for section two | ||||
select a summarizing line for the first part
|
enter a total amount for the first part | ||||
select between addition and deduction : select an item
|
enter a dollar amount | ||||
select between addition and deduction : select an item
|
enter a dollar amount | ||||
select a closing name for this schedule
|
$enter a total amount for this schedule |
Please answer ASAP! I have included a list of particulars. I will upvote instantly if helpful (:
![Direct Labor
Total Manufacturing Costs
Depreciation, Executive Offices
Utilities, Executive Offices
Manufacturing Overhead
Work in Process, Ending Balance
Direct Materials, Ending Inventory
Work in Process, Beginning Balance
Utilities, Factory
Direct Materials
Insurance, Factory
Property Taxes, Executive Offices
Direct Materials Used In Production
Total Manufacturing Overhead
Property Taxes, Factory
Depreciation, Factory
Indirect Labor
Cost of Goods Manufactured
Direct Materials, Beginning Inventory
>
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2907c064-b0f6-4eb5-a601-2cc689ed12a1%2F1567839c-4c78-4542-817d-e0443439aadc%2Fr5cqvap_processed.png&w=3840&q=75)
Transcribed Image Text:Direct Labor
Total Manufacturing Costs
Depreciation, Executive Offices
Utilities, Executive Offices
Manufacturing Overhead
Work in Process, Ending Balance
Direct Materials, Ending Inventory
Work in Process, Beginning Balance
Utilities, Factory
Direct Materials
Insurance, Factory
Property Taxes, Executive Offices
Direct Materials Used In Production
Total Manufacturing Overhead
Property Taxes, Factory
Depreciation, Factory
Indirect Labor
Cost of Goods Manufactured
Direct Materials, Beginning Inventory
>
>
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