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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 joborder 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
machinehours. At the beginning of the year, the company estimated that it would work
machinehours and incur $ in manufacturing overhead cost. The
following transactions were recorded for the year:
Raw materials were purchased, $
Raw materials were requisitioned for use in production, $ $ direct
and $ indirect
The following employee costs were incurred: direct labor, $; indirect labor.
$; and administrative salaries, $
Selling costs, $
Factory utility costs, $
Depreciation for the year was $ of which $ is related to factory
operations and $ is related to selling. general, and administrative activities.
Manufacturing overhead was applied to jobs. The actual level of activity for the year
was machinehours.
Sales for the year totaled $
Requlred:
aPrepare 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
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Raw materials used in production
Click to selec
Click to select
Click to select
Click to select
$
Total manufacturing cost
Click to seler : Click to select
Click to selec : Click to select
Cost of goods manufactured
$
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