An incomplete cost of goods manufactured schedule is presented below. Instructions Complete the cost of goods manufactured
Question:
An incomplete cost of goods manufactured schedule is presented below.
Instructions
Complete the cost of goods manufactured schedule for Hobbit Company.
Transcribed Image Text:
НОВBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) Direct materials $210,000 $ ? Raw materials inventory (1/1) Add: Raw materials purchases 158,000 Total raw materials available for use ? Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor ? Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,000 36,000 68,000 122,000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) ? 81,000 Cost of goods manufactured $540,000
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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