An incomplete cost of goods manufactured schedule is presented below. Instructions Complete the cost of goods manufactured
Question:
An incomplete cost of goods manufactured schedule is presented below.
Instructions
Complete the cost of goods manufactured schedule for MolinaCompany.
Transcribed Image Text:
MOLINA COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2014 Work in process (1/1) Direct materials $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 22,500 Direct materials used Direct labor Manufacturing overhead $190,000 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 $530,000
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Total raw materials available for use Direct materials used 190000 Add Raw materials inventory 1231 ...View the full answer
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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