Oollowing account balances for the month ending August 31, unless otherwise note Direct Materials inventory (August1) Direct Materials inventory (August 31) Work-in-process inventory (August1) Work-in-process inventory (August 31) Finished goods inventory (August 1) Finished goods inventory (August 31) Direct materials purchased $ 150,250 125,600 $ 140,400 171,000 540,000 510,000 500,000 84,000 480,000 186,000 12,000 264,000 123,600 28,800 135,000 92,400 25,000 305,400 30,000 2,900,000 Indirect materials used Direct manufacturing labor Indirect manufacturing labor Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Depreciation of plant building Miscellaneous plant overhead Plant utilities Accounts Receivable General office expenses Marketing distribution costs Revenues Required: Prepare the cost of goods manufactured schedule for the month of August.
Oollowing account balances for the month ending August 31, unless otherwise note Direct Materials inventory (August1) Direct Materials inventory (August 31) Work-in-process inventory (August1) Work-in-process inventory (August 31) Finished goods inventory (August 1) Finished goods inventory (August 31) Direct materials purchased $ 150,250 125,600 $ 140,400 171,000 540,000 510,000 500,000 84,000 480,000 186,000 12,000 264,000 123,600 28,800 135,000 92,400 25,000 305,400 30,000 2,900,000 Indirect materials used Direct manufacturing labor Indirect manufacturing labor Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Depreciation of plant building Miscellaneous plant overhead Plant utilities Accounts Receivable General office expenses Marketing distribution costs Revenues Required: Prepare the cost of goods manufactured schedule for the month of August.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter27: Adjustments, Financial Statements, And Year-end Accounting For A Manufacturing
business
Section: Chapter Questions
Problem 1MP: Reese Manufacturing Company manufactures and sells a limited line of products made to customer...
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