Chapter 26, Problem 2SEB

SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials.

Work in process, January 1	$20,500
Materials inventory, January 1	11,000
Materials purchases	12,000
Materials inventory, December 31	13,000
Direct labor	9,500
Overhead	5,500
Work in process, December 31	10,500