[The following information applies to the questions displayed below.]
Note: Assume all raw materials were used as direct materials.
Beginning
of Year End of Year
Inventories
Raw materials inventory $ 7,500 $ 10,500
Work in process inventory 15,000 10,500
Finished goods inventory 11,500 7,000
Activity during current year
Raw materials purchased $ 126,500
Direct labor 95,500
Factory overhead 43,500
Factory overhead of $43,500 consists of Indirect labor of $21,500, Depreciation expense-Factory of $16,500, and Factory utilities of
$5,500.
a. Compute total manufacturing costs.
b. Prepare a schedule of cost of goods manufactured.
Complete this question by entering your answers in the tabs below.
Required A Required B
Prepare a schedule of cost of goods manufactured.
Schedule of Cost of Goods Manufactured
Direct materials
Raw materials available for use
Factory overhead
Total factory overhead
Cost of goods manufactured
<Required A
$ 0
$ 0
0
0
Requires
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