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Bakerston Company is a manufacturing firm that uses job - order costing. The company's inventory balances were as follows at the beginning and end of

Bakerston Company is a manufacturing firm that uses job-order costing. The company's
inventory balances were as follows at the beginning and end of the year:
The company applies overhead to jobs using a predetermined overhead rate based on
machine-hours. At the beginning of the year, the company estimated that it would work
17,300 machine-hours and incur $259,500 in manufacturing overhead cost. The
following transactions were recorded for the year:
Raw materials were purchased, $410,000.
Raw materials were requisitioned for use in production, $405,900( $377,000 direct
and $28,900 indirect).
The following employee costs were incurred: direct labor, $331,000; indirect labor.
$76,000; and administrative salaries, $151,000.
Selling costs, $113,000.
Factory utility costs, $21,000.
Depreciation for the year was $129,000 of which $111,000 is related to factory
operations and $18,000 is related to selling. general, and administrative activities.
Manufacturing overhead was applied to jobs. The actual level of activity for the year
was 14,300 machine-hours.
Sales for the year totaled $1,292,000.
Requlred:
a.Prepare a schedule of cost of goods manufactured in good form. (Do not round
predetermined overheod rete. Input all amounts as positive volues. Omit the "$"
slgn In your response.)
Schedule of Cost of Goods Manufactured
Direct materials:
(Click to select)
(Click to selec : (Click to select)
Total raw materials available
(Click to selec V : (Click to select)
Raw materials used in production
(Click to selec
(Click to select)
(Click to select)
(Click to select)
$
Total manufacturing cost
(Click to seler V : (Click to select)
(Click to selec V: (Click to select)
Cost of goods manufactured
$
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