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A manufacturing company reports the following Information for the month of May. Note: Assume all raw materials were used as direct materials. Activities for
A manufacturing company reports the following Information for the month of May. Note: Assume all raw materials were used as direct materials. Activities for May Activities for May Advertising expense Raw materials purchases (all direct materials) Indirect labor Factory utilities Direct labor Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Inventories $ 4,620 Office salaries expense 79,400 Rent expense office space 7,248 Rent expense-Selling space 3,760 Rent expense-Factory building 49,200 Sales salaries expense $ 4,440 2,740 6,240 15,600 37,000 2,640 Sales 286,400 2,748 Maintenance expense Factory equipment 6,948 4,230 Raw materials Work in process Beginning $ 16,600 4,848 6,760 Ending $ 17,100 5,240 7,680 Finished goods Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for May. Direct materials Schedule of Cost of Goods Manufactured For Month Ended May 31 Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured
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