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L13 D. 4 Data Section: $45,000 9. 642,000 91,500 93,000 Direct labor 8 Direct materials inventory, 1/1 9 Direct materials inventory, 12/31 10 Factory rent 11 Finished goods, 1/1 12 Finished goods, 12/31 13 Indirect labor 76,410 132,000 172,500 37,500 26,250 14 Indirect materials 15 Purchases of direct materials 16 Work in process, 1/1 17 Work in process, 12/31 645,180 30,300 28,665 Depreciation-equipment 18 19 Answer Section: 20 Jackson Manufacturing 21 22 Schedule of Cost of Goods Manufactured 23 For the Year Ended December 31 24 25 Work in process, 1/1 $30,300 26 Direct materials Direct materials inventory, 1/1 28 Add: 27 $91,500 FORMULA 1 Purchases of Materials 29 30 Cost of direct materials available $0 FORMULA 2 31 Less: Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 34 Direct labor 642,000 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment $76,410 FORMULA 4 MFG Enter Search the web and Windows op THOF Compatibil Page Layout Formulas Data Help as o Purchases of Materials FORMULA 1 30 Cost of direct materials available 0$ FORMULA 2 Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 000'zvo 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment 38 Indirect Labor 39 Indirect Material $76,410 FORMULA 4 FORMULA 5 FORMULA 6 41 Total manufacturing costs FORMULA 7 42 43 Total work in process available Work in Process, 12/31 o$ FORMULA 8 46 Cost of goods manufactured FORMULA 9 Schedule of Cost of Goods Sold 50 Finished Goods, 1/1 51 Cost of goods manufactured 52 FORMULA 10 53 Cost of goods available for sale Finished goods, 12/31 FORMULA 11 172,500 S5 56 Cost of Goods Sold FORMULA 12 85 65 09 MFG Enter Search the web and Windows

L13 D. 4 Data Section: $45,000 9. 642,000 91,500 93,000 Direct labor 8 Direct materials inventory, 1/1 9 Direct materials inventory, 12/31 10 Factory rent 11 Finished goods, 1/1 12 Finished goods, 12/31 13 Indirect labor 76,410 132,000 172,500 37,500 26,250 14 Indirect materials 15 Purchases of direct materials 16 Work in process, 1/1 17 Work in process, 12/31 645,180 30,300 28,665 Depreciation-equipment 18 19 Answer Section: 20 Jackson Manufacturing 21 22 Schedule of Cost of Goods Manufactured 23 For the Year Ended December 31 24 25 Work in process, 1/1 $30,300 26 Direct materials Direct materials inventory, 1/1 28 Add: 27 $91,500 FORMULA 1 Purchases of Materials 29 30 Cost of direct materials available $0 FORMULA 2 31 Less: Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 34 Direct labor 642,000 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment $76,410 FORMULA 4 MFG Enter Search the web and Windows op THOF Compatibil Page Layout Formulas Data Help as o Purchases of Materials FORMULA 1 30 Cost of direct materials available 0$ FORMULA 2 Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 000'zvo 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment 38 Indirect Labor 39 Indirect Material $76,410 FORMULA 4 FORMULA 5 FORMULA 6 41 Total manufacturing costs FORMULA 7 42 43 Total work in process available Work in Process, 12/31 o$ FORMULA 8 46 Cost of goods manufactured FORMULA 9 Schedule of Cost of Goods Sold 50 Finished Goods, 1/1 51 Cost of goods manufactured 52 FORMULA 10 53 Cost of goods available for sale Finished goods, 12/31 FORMULA 11 172,500 S5 56 Cost of Goods Sold FORMULA 12 85 65 09 MFG Enter Search the web and Windows

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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L13 D. 4 Data Section: $45,000 9. 642,000 91,500 93,000 Direct labor 8 Direct materials inventory, 1/1 9 Direct materials inventory, 12/31 10 Factory rent 11 Finished goods, 1/1 12 Finished goods, 12/31 13 Indirect labor 76,410 132,000 172,500 37,500 26,250 14 Indirect materials 15 Purchases of direct materials 16 Work in process, 1/1 17 Work in process, 12/31 645,180 30,300 28,665 Depreciation-equipment 18 19 Answer Section: 20 Jackson Manufacturing 21 22 Schedule of Cost of Goods Manufactured 23 For the Year Ended December 31 24 25 Work in process, 1/1 $30,300 26 Direct materials Direct materials inventory, 1/1 28 Add: 27 $91,500 FORMULA 1 Purchases of Materials 29 30 Cost of direct materials available $0 FORMULA 2 31 Less: Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 34 Direct labor 642,000 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment $76,410 FORMULA 4 MFG Enter Search the web and Windows op THOF
Transcribed Image Text:L13 D. 4 Data Section: $45,000 9. 642,000 91,500 93,000 Direct labor 8 Direct materials inventory, 1/1 9 Direct materials inventory, 12/31 10 Factory rent 11 Finished goods, 1/1 12 Finished goods, 12/31 13 Indirect labor 76,410 132,000 172,500 37,500 26,250 14 Indirect materials 15 Purchases of direct materials 16 Work in process, 1/1 17 Work in process, 12/31 645,180 30,300 28,665 Depreciation-equipment 18 19 Answer Section: 20 Jackson Manufacturing 21 22 Schedule of Cost of Goods Manufactured 23 For the Year Ended December 31 24 25 Work in process, 1/1 $30,300 26 Direct materials Direct materials inventory, 1/1 28 Add: 27 $91,500 FORMULA 1 Purchases of Materials 29 30 Cost of direct materials available $0 FORMULA 2 31 Less: Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 34 Direct labor 642,000 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment $76,410 FORMULA 4 MFG Enter Search the web and Windows op THOF
Compatibil Page Layout Formulas Data Help as o Purchases of Materials FORMULA 1 30 Cost of direct materials available 0$ FORMULA 2 Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 000'zvo 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment 38 Indirect Labor 39 Indirect Material $76,410 FORMULA 4 FORMULA 5 FORMULA 6 41 Total manufacturing costs FORMULA 7 42 43 Total work in process available Work in Process, 12/31 o$ FORMULA 8 46 Cost of goods manufactured FORMULA 9 Schedule of Cost of Goods Sold 50 Finished Goods, 1/1 51 Cost of goods manufactured 52 FORMULA 10 53 Cost of goods available for sale Finished goods, 12/31 FORMULA 11 172,500 S5 56 Cost of Goods Sold FORMULA 12 85 65 09 MFG Enter Search the web and Windows
Transcribed Image Text:Compatibil Page Layout Formulas Data Help as o Purchases of Materials FORMULA 1 30 Cost of direct materials available 0$ FORMULA 2 Direct Material, 12/31 32 33 Cost of direct materials used FORMULA 3 000'zvo 35 Manufacturing overhead: 36 Factory rent 37 Depreciation - Equipment 38 Indirect Labor 39 Indirect Material $76,410 FORMULA 4 FORMULA 5 FORMULA 6 41 Total manufacturing costs FORMULA 7 42 43 Total work in process available Work in Process, 12/31 o$ FORMULA 8 46 Cost of goods manufactured FORMULA 9 Schedule of Cost of Goods Sold 50 Finished Goods, 1/1 51 Cost of goods manufactured 52 FORMULA 10 53 Cost of goods available for sale Finished goods, 12/31 FORMULA 11 172,500 S5 56 Cost of Goods Sold FORMULA 12 85 65 09 MFG Enter Search the web and Windows
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