Current Attempt in Progress * Your answer is incorrect. An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Metlock Company. (Assume that all raw materials used were direct materiere direct materials.) 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 Manufacturing overhead METLOCK COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2027 55600 171,200 226800 25,000 $194,400 61800 Indirect labor 20,000 Factory depreciation 38,600 Factory utilities 74,000 Total manufacturing overhead 132,600 Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured eTextbook and Media Save for Later $226,800 132600 87,200 $583,200 Attempts: 1 of 3 used Submit Anssed Submit }}
Current Attempt in Progress * Your answer is incorrect. An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Metlock Company. (Assume that all raw materials used were direct materiere direct materials.) 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 Manufacturing overhead METLOCK COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2027 55600 171,200 226800 25,000 $194,400 61800 Indirect labor 20,000 Factory depreciation 38,600 Factory utilities 74,000 Total manufacturing overhead 132,600 Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured eTextbook and Media Save for Later $226,800 132600 87,200 $583,200 Attempts: 1 of 3 used Submit Anssed Submit }}
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...
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