Schedule of Cost of Goods Manufactured. The Wanda Walker Company manufactures a single product. Information for the

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Schedule of Cost of Goods Manufactured. The Wanda Walker Company manufactures a single product. Information for the month caded June 30, 20x1, follows: Sales Production Direct materials inventary June 1 Direct materials purchases Work-in-process inventory June 1 Work-in-process inventory June 30 20,000 units @$15 per unit 16,000 units 7,000 units $3 per 18,000 units un $4 per unit 4,000 units a total cost of $26,000 3,000 units a total cost of $25,000 A review of the company's ledger accounts reveals the following additional information: Salespersons salaries and commissions Direct labor Indirect labor Factory managers' salaries Office salaries Utilities for office building (variable). Utities t factory (variable) Depreciation on factory plant and equipment Depreciation on office building and equipment Depreciation on delivery truck. Other valable factory overhead Other office expenses $40.000 60,000 20,000 6,000 15.000 5,000 8.000 7,000 4,000 1,000 3.000 4,000 The company uses an actual cost system and the first-in, first-out inventory method. Required: Prepare a schedule of cost of goods manufactured for the month ended June 30, 20x1.

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Managerial Accounting

ISBN: 9780759314078

6th Edition

Authors: Pierre L. Titard

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