The following amounts are available for the year for Bourne Manufacturing Comp Administrative salaries (non-factory) Administrative...

   

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The following amounts are available for the year for Bourne Manufacturing Comp Administrative salaries (non-factory) Administrative rent (non-factory) Advertising and promotion expense Depreciation-administrative Depreciation-factory Depreciation-selling Direct labor Factory rent Factory supplies used Finished goods inventory (January 1) Finished goods inventory (December 31) Indirect material used Indirect labor Materials inventory (January 1) Materials inventory (December 31) Net delivered cost of materials purchased Other factory overhead Sales Sales salaries expense Work in process inventory (January 1) Work in process inventory (December 31) $175,000 87,500 102,500 55,000 75,000 42,500 437,500 45,000 30,000 142,500 130,000 35,000 47,500 32,500 50,000 345,000 65.000 2,112,500 180,000 45,000 77,500 Using the above data, prepare a schedule of cost of goods manufactured and sold Do not use negative signs with any of your answers. Bourne Manufacturing Company Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31 Direct material: Beginning materials inventory Cost of materials purchased Cost of material available Less: Ending materials inventory Total materials used Less: Indirect materials used Direct material used Direct labor Manufacturing overhead Indirect material Indirect labor Factory supplies used Factory depreciation Factory rent $ O 0 0 0 0 O O 0 0 0 0 $ 0 0 Other factory overhead Total manufacturing overhead Total manufacturing costs for the year Add: Beginning work in process inventory Total cost of work in process during the year Less: Ending work in process inventory Cost of goods manufactured Add: Beginning finished goods inventory Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold O $ 0 0 O O 0 0 0 O 0 0 The following amounts are available for the year for Bourne Manufacturing Comp Administrative salaries (non-factory) Administrative rent (non-factory) Advertising and promotion expense Depreciation-administrative Depreciation-factory Depreciation-selling Direct labor Factory rent Factory supplies used Finished goods inventory (January 1) Finished goods inventory (December 31) Indirect material used Indirect labor Materials inventory (January 1) Materials inventory (December 31) Net delivered cost of materials purchased Other factory overhead Sales Sales salaries expense Work in process inventory (January 1) Work in process inventory (December 31) $175,000 87,500 102,500 55,000 75,000 42,500 437,500 45,000 30,000 142,500 130,000 35,000 47,500 32,500 50,000 345,000 65.000 2,112,500 180,000 45,000 77,500 Using the above data, prepare a schedule of cost of goods manufactured and sold Do not use negative signs with any of your answers. Bourne Manufacturing Company Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31 Direct material: Beginning materials inventory Cost of materials purchased Cost of material available Less: Ending materials inventory Total materials used Less: Indirect materials used Direct material used Direct labor Manufacturing overhead Indirect material Indirect labor Factory supplies used Factory depreciation Factory rent $ O 0 0 0 0 O O 0 0 0 0 $ 0 0 Other factory overhead Total manufacturing overhead Total manufacturing costs for the year Add: Beginning work in process inventory Total cost of work in process during the year Less: Ending work in process inventory Cost of goods manufactured Add: Beginning finished goods inventory Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold O $ 0 0 O O 0 0 0 O 0 0

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