The following data from the just-completed year are taken from the accounting records of Eccles Company:
Sales
Direct labour cost
Raw material purchases
Selling expenses
Administrative expenses
Manufacturing overhead applied to work in process
Actual manufacturing overhead costs
Inventory
Beginning of Year
End of Year
Raw materials
$ 9,800
$11,800
Work in process
6,800
21,800
Finished goods
71,800
26,800
$769,000
108,000
150,000
118,000
61,000
228,000
256,000
Required:
1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
ECCLES COMPANY
Schedule of Cost of Goods Manufactured
Direct materials:
Raw materials used in production
Total manufacturing costs
Cost of goods manufactured
0
0
0
0
$ 0
