Prepare the 2017 schedule of cost of goods manufactured for Barton Company

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5PA: Wachowski Company reported these cost data for the year 2017. Use the data to complete the following...
icon
Related questions
icon
Concept explainers
Topic Video
Question
Prepare the 2017 schedule of cost of goods manufactured for Barton Company
using the following information.
Direct materials
Direct labor
Factory overhead costs
Work in process, Dec. 31, 2016
Work in process, Dec. 31, 2017
Direct materials
Direct labor
Factory overhead costs
Barton Company
Schedule of Cost of Goods Manufactured
For Year Ended December 31, 2017
Total manufacturing costs
Total cost of work in process
$ 190,000
66,000
Cost of goods manufactured
30,800
160,600
146,500
$
190,000
66,000
30,800
286,800
286,800
$
286,800
Transcribed Image Text:Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2016 Work in process, Dec. 31, 2017 Direct materials Direct labor Factory overhead costs Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Total manufacturing costs Total cost of work in process $ 190,000 66,000 Cost of goods manufactured 30,800 160,600 146,500 $ 190,000 66,000 30,800 286,800 286,800 $ 286,800
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College