Question: Please help me find the adjusted COGS expense Manufacturing Overhead Cost Flow Practice ets is a small candy manufacturer. The company produces many types of
Manufacturing Overhead Cost Flow Practice ets is a small candy manufacturer. The company produces many types of individually vanilla flavored candies in a wide variety of colors. All candies have the following ngredients: Sugar, corn syrup, vanilla flavoring, and preservatives. Some candies have quantities of food coloring, depending on the color of the candy. Food coloring items mall are purchased in bulk, but used in very small quantities. Beginning Ending Balance Account Information Raw Materials Inventory Balance $ 272,450 375,850 in Process InventoryS 64,800 $ 43.750 Finished Goods Inventory 184 300 S 248,300 Cost / Activity Information Cost 68,000 dny Production Supervisor Salary & Benefits Candy Mixing Machine Maintenance Costs Purchases of Materials $ 56,700 Custodial Staff Wages & Benefits Candy Forming Machine Depreciation 478,650 138,450 49,500 Manufacturing Overhead Costs Applied to Production573,525 Advertising & Marketing Expenses Candy Creator Wages & Benefits Production Facility Utilities $ 95,875 $ 192,575 $357,825 Indirect Materials Requisitioned into Production Coroporate Office Rental Expenses 64,800 85,000 Use this information to determine the adjusted cost of goods sold expense
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