$ 1,115,000 36,000 51,600 67,500 158,200 235,000 22,200 Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare the schedule of cost of goods manufactured

Sales
$ 1,115,000
Raw materials inventory, beginning
Work in process inventory, beginning
Finished goods inventory, beginning
Raw materials purchases
Direct labor
36,000
51,600
67,500
158,200
235,000
22,200
45,000
5,250
Factory supplies used (indirect materials)
Indirect labor
Repairs-Factory equipment
Rent cost of factory building
Advertising expense
General and administrative expenses
Raw materials inventory, ending
Work in process inventory, ending
Finished goods inventory, ending
57,000
90,000
141,000
48,300
42,400
74,500
Transcribed Image Text:Sales $ 1,115,000 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor 36,000 51,600 67,500 158,200 235,000 22,200 45,000 5,250 Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 57,000 90,000 141,000 48,300 42,400 74,500
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