Question
A company produces small gasoline-powered engines for model airplanes. The CFO has presented you with the following cost information: Direct Materials Inventory, beginning $ 64,000
A company produces small gasoline-powered engines for model airplanes. The CFO has presented you with the following cost information:
| Direct Materials Inventory, beginning | $ | 64,000 | |||
| Direct Materials Inventory, ending | $ | 47,000 | |||
| Work in Process Inventory, beginning | $ | 28,000 | |||
| Work in Process Inventory, ending | $ | 23,000 | |||
| Direct labor | $ | 156,000 | |||
| Direct materials purchases | $ | 220,000 | |||
| Insurance, factory | $ | 43,000 | |||
| Depreciation, factory | $ | 19,000 | |||
| Depreciation, executive offices | $ | 12,000 | |||
| Indirect labor | $ | 15,000 | |||
| Utilities, factory | $ | 16,000 | |||
| Utilities, executive offices | $ | 7,000 | |||
| Property taxes, factory | $ | 13,000 | |||
| Property taxes, executive offices | $ | 8,000 |
Using this cost information, prepare a cost of goods manufactured schedule for the CFO.
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Cash, Corruption And Economic Development
Authors: Vikram Vashisht
1st Edition
1032096888, 9781032096889
