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2. EVH, Inc. used $290,000 of direct materials and incurred $134,030 of direct labor costs during the year. Indirect labor amounted to $8,100, while
2. EVH, Inc. used $290,000 of direct materials and incurred $134,030 of direct labor costs during the year. Indirect labor amounted to $8,100, while indirect materials used totaled $6,800. Other operating costs pertaining to the factory included utilities of $9,900; maintenance of $27,850; repairs of $2,700; depreciation of $23,700; and property taxes of $8,800. There was no beginning or ending finished goods inventory. The Work-in-Process Inventory account reflected a balance of $17,500 at the beginning of the period and $29,300 at the end of the period. Required: Prepare a schedule of cost of goods manufactured for EVH, Inc. using the format below. Schedule of Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead: Indirect Labor Used Indirect Materials Utilities Maintenance Repairs Depreciation Property Taxes Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured
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