Question
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Martinez Company. Assume all raw materials are
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Martinez Company. Assume all raw materials are direct materials.
MARTINEZ COMPANY Cost of Goods Manufactured Schedule choose the accounting period For the Month Ended December 31, 2022December 31, 2022For the Year Ended December 31, 2022 | ||||||
---|---|---|---|---|---|---|
Work in process (1/1) | $201,600 | |||||
Direct materials | ||||||
Raw materials inventory (1/1) | $A | |||||
Add: Raw materials purchases | 152,000 | |||||
Total raw materials available for use | B | |||||
Less: Raw materials inventory (12/31) | 22,000 | |||||
Direct materials used | $172,800 | |||||
Direct labor | C | |||||
Manufacturing overhead | ||||||
Indirect labor | 17,600 | |||||
Factory depreciation | 34,400 | |||||
Factory utilities | 65,600 | |||||
Total overhead | 117,600 | |||||
Total manufacturing costs | D | |||||
Total cost of work in process | E | |||||
Less: Work in process (12/31) | 77,600 | |||||
Cost of goods manufactured | $518,400 |
This is all I was given, Please help A-E
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