00:03
Hello students, in the question we are given some information and we are asked to prepare schedule of cost of goods manufactured.
00:17
First of all, we will write the direct materials here.
00:26
Beginning raw material inventories which were $9000 and purchase of raw material which were $1 ,24 ,000.
00:51
Now, we have raw material in use which is $1 ,33 ,000.
01:03
Now, we will deduct ending raw material inventory which were $11 ,000.
01:15
After deducting ending raw material inventory, we got raw material used in production which is $1 ,22 ,000.
01:33
We are given the direct labor which is $80 ,000.
01:42
Direct labor is $80 ,000.
01:46
Now, we will calculate the total manufacturing overhead.
01:53
Manufacturing overhead, rent building, rent and factory building which is of value $70 ,000...