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An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Bonita Company. BONITA COMPANY Cost of Goods
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Bonita Company. BONITA COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $219,610 Work in process (1/1) Direct materials Raw materials inventory (1/1) 59410 Add: Raw materials purchases 160,200 X Total raw materials available for use 29,310 Less: Raw materials inventory (12/31) Direct materials used $182,130 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities 26,980 45,020 72,870 Total overhead 144,870 Total manufacturing costs 219610) Total cost of work in process 631170 Less: Work in process (12/31) Cost of goods manufactured 84,330 $546,840
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