Question
Account balances from Jolly B Manufacturing Company's accounting records for the month ended December 31, 2006 appear below: Finished Goods Inventory, December 31 $15,600 Factory
Account balances from Jolly B Manufacturing Company's accounting records for the month ended December 31, 2006 appear below: Finished Goods Inventory, December 31 $15,600 Factory Supervisory Salaries 22,000 Income Tax Expense 12,000 Raw Materials Inventory, December 1 8,800 Work In Process Inventory, December 31 22,400 Sales Salaries Expense 12,300 Factory Depreciation Expense 2,000 Finished Goods Inventory, December 1 12,500 Raw Materials Purchases 234,000 Work In Process Inventory, December 1 16,000 Factory Utilities Expense 3,200 Direct Labor 54,000 Raw Materials Inventory, December 31 10,200 Sales Returns and Allowances 1,200 Indirect Labor 3,600 Instructions: Prepare a schedule of cost of goods manufactured for Jolly B Manufacturing Company for the month ended December 31, 2006.
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