Wilson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018:...

 

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Wilson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: E (Click the icon to view year-end information.) Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Wilson manufactured 3,700 lamps for the year? Wilson, Corp. Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Choose from any list or enter any number in the input fields and then click Check Answer. Data Table Balances: Beginning Ending Direct Materials $ 59,000 $ 23,000 Work-in-Process Inventory 109,000 62,000 Finished Goods Inventory 41,000 44,000 Other information: Depreciation, plant building and equipment $ 16,000 Direct materials purchases 151,000 Insurance on plant 24,000 Sales salaries 47,000 Repairs and maintenance-plant 10,000 Indirect labor 39,000 Direct labor 121,000 Administrative expenses 60,000 Print Done Wilson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: E (Click the icon to view year-end information.) Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Wilson manufactured 3,700 lamps for the year? Wilson, Corp. Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Choose from any list or enter any number in the input fields and then click Check Answer. Data Table Balances: Beginning Ending Direct Materials $ 59,000 $ 23,000 Work-in-Process Inventory 109,000 62,000 Finished Goods Inventory 41,000 44,000 Other information: Depreciation, plant building and equipment $ 16,000 Direct materials purchases 151,000 Insurance on plant 24,000 Sales salaries 47,000 Repairs and maintenance-plant 10,000 Indirect labor 39,000 Direct labor 121,000 Administrative expenses 60,000 Print Done

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Computation of Cost of Goods Manufactured Particulars Amount Amount Direct Material Opening Balance ... View the full answer