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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

Raw Materials Purchases

Total RM available

Less RM 11/30/19

Raw Materials Used

Direct Labor

Manufacturing OH

total MO

total Manufacturing costs

add WIP 11/1/19

less WIP 11/30/19

Cost of Goods Manufactured

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