Wilson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: Other
Question:
Wilson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018:
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
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?
Step by Step Answer:
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura