Fill in the missing information on the cost of goods manufactured schedule of Cullumber Manufacturing Company: (Assume all raw materials used were direct materials.) Work in process inventory (1/1) Direct materials Raw materials inventory (1/1) $ CULLUMBER MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 $435,200

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Fill in the missing information on the cost of goods manufactured schedule of Cullumber Manufacturing Company: (Assume all raw
materials used were direct materials.)
Work in process inventory (1/1)
Direct materials
Raw materials inventory (1/1) $
Raw materials purchases
Raw materials available for use
Raw materials inventory
(12/31)
Direct materials used
Direct labor
Manufacturing overhead
Indirect labor
Factory depreciation
Factory utilities
Total overhead
Total manufacturing costs
Total cost of work in process
Less: Work in process inventory
(12/31)
Cost of goods manufactured
CULLUMBER MANUFACTURING COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2022
314,880
47,360
24,320
48,640
49,920
$326,400
$435,200
412,160
$614,400
Transcribed Image Text:Fill in the missing information on the cost of goods manufactured schedule of Cullumber Manufacturing Company: (Assume all raw materials used were direct materials.) Work in process inventory (1/1) Direct materials Raw materials inventory (1/1) $ Raw materials purchases Raw materials available for use Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process inventory (12/31) Cost of goods manufactured CULLUMBER MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 314,880 47,360 24,320 48,640 49,920 $326,400 $435,200 412,160 $614,400
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