An incomplete cost of goods manufactured schedule is presented below. GARCIA MANUFACTURING COMPANY Cost of Goods Manufactured
Question:
GARCIA MANUFACTURING COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2011
Instructions
Complete the cost of goods manufactured schedule for Garcia ManufacturingCompany.
Transcribed Image Text:
Work in process (1 Direct materials /1) $210,000 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 158,000 12,500 Direct materials used Direct labor Manufacturing o $190,000 verhead Indirect labor Factory depreciation Factory utilities Total overhead 18,000 36,000 68,000 122,000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 81,000 $510,000
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Total raw materials available for use Direct materials used 190000 Add Raw ...View the full answer
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Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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