An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule
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Complete the cost of goods manufactured schedule for Molina ManufacturingCompany.
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MOLINA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2012 Work in process (1/1) Direct materials S213,930 Raw materials inventory (1/1) 51850 Add: Raw materials purchases 161,530 Total raw materials available for 213380 use Less: Raw material (12/31) Direct materials used Direct labor Manufacturing overhead s inventory 17,100 S196,280 48590 Indirect labor Factory depreciation Factorv utilities Total overhead S 25,090 39.010 76,570 140.670 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 385540 599470 88,050 S511,420
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Total raw materials available for use Direct materials used 196280 Add R...View the full answer
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Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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