Note: Assume all raw materials were used as direct materials.
Beginning of Year End of Year Inventories
Raw materials inventory $7,900 $11,300
Work in process inventory $15,800 $10,900
Finished goods inventory $12,300 $7,400
Activity during the current year
Raw materials purchased $127,300
Direct labor $95,900
Factory overhead $44,700
QS 14-17 (Algo) Schedule of cost of goods manufactured LO P2
Factory overhead of $44,700 consists of Indirect labor of $21,900, Depreciation expense—Factory of $16,900, and Factory utilities of $5,900.
Compute total manufacturing costs.
Prepare a schedule of cost of goods manufactured.