Refer to the data in Quick Study 18-16. Factory overhead of $39,000 consists of Indirect labor of
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Refer to the data in Quick Study 18-16. Factory overhead of $39,000 consists of Indirect labor of $20,000, Depreciation expense—Factory of $15,000, and Factory utilities of $4,000.
a. Compute total manufacturing costs.
b. Prepare a schedule of cost of goods manufactured.
Data From QS 18-16
Use the following information to compute the cost of direct materials used for the current year. Note: Assume all raw materials were used as direct materials.
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