Marigold Company produces small gasoline-powered engines for model airplanes. Mr. Williams, Marigold's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ Direct Materials Inventory, ending $ Work in Process Inventory, beginning Work in Process Inventory, ending Direct labor Direct materials purchases. Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $ $ $ $ $ $ $ $ $ $ $ 65,000 48,000 30,000 24,000 157,000 220,000 42,000 21,000 14,000 15,000 18,000 10,000 13,000 9,000 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Williams.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Marigold Company produces small gasoline-powered engines for model airplanes. Mr. Williams, Marigold's CFO, has presented you
with the following cost information:
Direct Materials Inventory, beginning $
Direct Materials Inventory, ending
$
Work in Process Inventory, beginning
Work in Process Inventory, ending
Direct labor
Direct materials purchases.
Insurance, factory
Depreciation, factory
Depreciation, executive offices
Indirect labor
Utilities, factory
Utilities, executive offices
Property taxes, factory
Property taxes, executive offices
$
$157,000
$ 220,000
$
42,000
21,000
14,000
15,000
18,000
10,000.
13,000
9,000
$
65,000
48,000
30,000
24,000
$
$
$
$
$
$
Using this cost information, prepare a cost of goods manufactured schedule for Mr. Williams.
Transcribed Image Text:Marigold Company produces small gasoline-powered engines for model airplanes. Mr. Williams, Marigold's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ Direct Materials Inventory, ending $ Work in Process Inventory, beginning Work in Process Inventory, ending Direct labor Direct materials purchases. Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $ $157,000 $ 220,000 $ 42,000 21,000 14,000 15,000 18,000 10,000. 13,000 9,000 $ 65,000 48,000 30,000 24,000 $ $ $ $ $ $ Using this cost information, prepare a cost of goods manufactured schedule for Mr. Williams.
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