Computer Company is a manufacturer of personal computers and tablets. During its first month of manufacturing,PeatonComputer Company incurred the following manufacturing costs:LOADING...(Clickthe icon to view account balances.) LOADING...(Clickthe icon to view other information.) Prepare a schedule of cost of goods manufactured forPeatonComputer Company for the month endedJanuary31,2024.Data TableBalances:BeginningEndingDirect Materials$10,200$8,700Work-in-Process Inventory019,000Finished Goods Inventory033,000 Data TableOther information: Direct materials purchases $13,000Plant janitorial services 1,000Sales salaries expense 7,000Delivery expense 1,200Net sales revenue 1,150,000Utilities for plant 12,000Rent on plant 7,000Customer service hotline costs 18,000Direct labor 170,000

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Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 53P: Cost of Direct Materials, Cost of Goods Manufactured, Cost of Goods Sold Bisby Company manufactures...

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Question

Computer Company is a manufacturer of personal computers and tablets. During its first month of manufacturing,

Peaton

Computer Company incurred the following manufacturing costs:

(Click

the icon to view account balances.)

(Click

the icon to view other information.)

Prepare a schedule of cost of goods manufactured for

Peaton

Computer Company for the month ended

January

31,

2024.

Data Table

Balances:	Beginning	Ending
Direct Materials	$10,200	$8,700
Work-in-Process Inventory	0	19,000
Finished Goods Inventory	0	33,000

Data Table

Other information:
Direct materials purchases			$13,000
Plant janitorial services			1,000
Sales salaries expense			7,000
Delivery expense			1,200
Net sales revenue			1,150,000
Utilities for plant			12,000
Rent on plant			7,000
Customer service hotline costs			18,000
Direct labor			170,000

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