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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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
}}
Transcribed Image Text: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 }}
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