Muscat Corporation has the following cost records for January 2019. Indirect factory labor 14,300 Factory utilities 10,100 Raw materials purchases 152,500 Factory repairs 12,600 Raw materials inventory 1/1/2019 16,700 Depreciation, factory equipment 9,440 Raw materials inventory, 1/31/19 22,800 Direct labor 175,600 Work in process, 1/1/2019 18,400 Factory insurance 8,360 Work in process, 1/31/19 25,200 Advertising costs 5,000 Finished goods, 1/1/19 5,000 Sales commissions 3,500 Finished goods, 1/31/19 7,500 Cost of shipping 2,500 What is the cost of goods manufacturing for 2019:
Muscat Corporation has the following cost records for January 2019. Indirect factory labor 14,300 Factory utilities 10,100 Raw materials purchases 152,500 Factory repairs 12,600 Raw materials inventory 1/1/2019 16,700 Depreciation, factory equipment 9,440 Raw materials inventory, 1/31/19 22,800 Direct labor 175,600 Work in process, 1/1/2019 18,400 Factory insurance 8,360 Work in process, 1/31/19 25,200 Advertising costs 5,000 Finished goods, 1/1/19 5,000 Sales commissions 3,500 Finished goods, 1/31/19 7,500 Cost of shipping 2,500 What is the cost of goods manufacturing for 2019:
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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![Muscat Corporation has the following cost records for January 2019.
Indirect factory labor
14,300 Factory utilities
10,100
Raw materials purchases
152,500 Factory repairs
12,600
Raw materials inventory 1/1/2019
16,700 Depreciation, factory equipment
9,440
Raw materials inventory, 1/31/19
22,800
Direct labor
175,600
Work in process, 1/1/2019
18,400 Factory insurance
8,360
Work in process, 1/31/19
25,200 Advertising costs
5,000
Finished goods, 1/1/19
5,000
Sales commissions
3,500
Finished goods, 1/31/19
7,500
Cost of shipping
2,500
What is the cost of goods manufacturing for 2019:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2731c4e9-67f7-4e1c-95de-da6f8c0670b1%2F50d7962a-9cd1-4a40-85da-96b220307fa5%2Flj0j3t8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Muscat Corporation has the following cost records for January 2019.
Indirect factory labor
14,300 Factory utilities
10,100
Raw materials purchases
152,500 Factory repairs
12,600
Raw materials inventory 1/1/2019
16,700 Depreciation, factory equipment
9,440
Raw materials inventory, 1/31/19
22,800
Direct labor
175,600
Work in process, 1/1/2019
18,400 Factory insurance
8,360
Work in process, 1/31/19
25,200 Advertising costs
5,000
Finished goods, 1/1/19
5,000
Sales commissions
3,500
Finished goods, 1/31/19
7,500
Cost of shipping
2,500
What is the cost of goods manufacturing for 2019:
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