Question
1. Below is the information for Acme Company for November 2019: beginning inventory raw materials $ 60,000.00 beginning inventory work in process $ 24,600.00 depreciation
1. Below is the information for Acme Company for November 2019:
beginning inventory raw materials | $ 60,000.00 |
beginning inventory work in process | $ 24,600.00 |
depreciation | $ 5,100.00 |
Direct labor for the period | $ 118,200.00 |
ending inventory raw materials | $ 52,000.00 |
ending inventory work in process | $ 26,000.00 |
indirect labor | $ 11,080.00 |
indirect materials | $ 15,480.00 |
insurance | $ 2,460.00 |
payroll taxes expense-factory | $ 9,800.00 |
Raw materials purchased during the period | $ 203,600.00 |
rent | $ 57,000.00 |
repairs and maintenance | $ 4,200.00 |
utilities | $ 16,400.00 |
Prepare a cost of goods manufactured.
Raw Materials 11/1/19 |
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Raw Materials Purchases |
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Total RM available |
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Less RM 11/30/19 |
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Raw Materials Used |
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Direct Labor |
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Manufacturing OH |
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total MO |
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total Manufacturing costs |
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add WIP 11/1/19 |
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less WIP 11/30/19 |
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Cost of Goods Manufactured |
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