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A manufacturing company called West Solar Ltd. had the following account balances for the quarter ending March 31 2021, unless otherwise noted: Direct materials used
A manufacturing company called West Solar Ltd. had the following account balances for the quarter ending March 31 2021, unless otherwise noted:
Direct materials used | $ 378,000 |
Indirect materials used | 84,000 |
Direct manufacturing labour | 480,000 |
Indirect manufacturing labour | 186,000 |
Property taxes on manufacturing plant building | 28,800 |
Salespersons' company vehicle costs | 12,000 |
Depreciation of manufacturing equipment | 265,000 |
Depreciation of office equipment | 123,600 |
Miscellaneous plant overhead | 135,000 |
Plant utilities | 92,400 |
General office expenses | 305,400 |
Marketing distribution costs | 30,000 |
Work-in-process inventory (January 1) | 140,400 |
Work-in-process inventory (March 31) | 171,000 |
Finished goods inventory (January 1) | 540,000 |
Finished goods inventory (March 31) | 510,000 |
Required:
Prepare a cost of goods manufactured schedule for the quarter ended 31 March 2021. (Note: prepare in schedule format. Do not provide journal entries / T-accounts)
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