Fill in the missing information on the cost of goods manufactured schedule of Noland Manufacturing Company:...
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Fill in the missing information on the cost of goods manufactured schedule of Noland Manufacturing Company: NOLAND MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2019 Work in process (1/1) Direct materials Raw materials inventory (1/1) Raw materials purchases 246,000 Raw materials available for use Raw materials inventory (12/31) 37,000 Direct materials used Direct labor Manufacturing overhead Indirect labor 19,000 Factory depreciation 38,000 39,000 Factory utilities. Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured $ $255,000 $340,000 12.01 322,000 $480,000 Fill in the missing information on the cost of goods manufactured schedule of Noland Manufacturing Company: NOLAND MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2019 Work in process (1/1) Direct materials Raw materials inventory (1/1) Raw materials purchases 246,000 Raw materials available for use Raw materials inventory (12/31) 37,000 Direct materials used Direct labor Manufacturing overhead Indirect labor 19,000 Factory depreciation 38,000 39,000 Factory utilities. Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured $ $255,000 $340,000 12.01 322,000 $480,000
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