Yum Yum Treats manufactures its own brand of pet chew bones. At the end of December 2016,
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Question:
Yum Yum Treats manufactures its own brand of pet chew bones. At the end of December 2016, the accounting records showed the following:
Inventories: | Beginning: | Ending |
Raw Materials | $13, 100 | $8, 500 |
Work-In-Process | $0 | $2, 500 |
Finished Goods | $0 | $5, 700 |
Other Information: | ||
Raw Materials purchases | $30, 000 |
|
Plant Janitorial Services | $800 |
|
Sales salaries |
| $5, 000 |
Delivery costs |
| $1, 800 |
Sales revenue |
| $105, 000 |
Utilities for plant | $1, 100 |
|
Rent on plant |
| $16, 000 |
Customer service hotline costs | $1, 000 |
|
Direct labor |
| $18, 000 |
Prepare a schedule of cost of goods manufactured for Yum Yum Treats for the year ended December 31, 2016.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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