Daniels Consulting is going to manufacture billing software. During its first month of manufacturing, Daniels incurred the
Question:
Daniels Consulting is going to manufacture billing software. During its first month of manufacturing, Daniels incurred the following manufacturing costs:
Inventories: Beginning: Ending:
Raw Materials $10, 800 $9,600
Work-in-Process $0 $23, 000
Finished Goods $0 $29, 000
Other Information:
Raw Materials Purchases $18, 000
Plant janitorial services $200
Sales salaries expense $7, 000
Delivery expense $1,100
Sales revenue $1, 075, 000
Utilities for plant $11, 000
Rent on plant $12, 000
Customer Service hotline $12, 000
Direct labor $200, 000
Prepare a schedule of cost of goods manufactured for Daniels for the month ended January 31, 2018.n
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta