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Bonita Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Bonita's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning
Bonita Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Bonita's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 88,000 Direct Materials Inventory, ending $ 127,000 Work in Process Inventory, beginning $ 147,000 Work in Process Inventory, ending $ 97,500 Direct labor $ 787,000 Direct materials purchases $ 982,000 Insurance, factory $ 57,600 Depreciation, factory $ 20,800 Depreciation, executive offices $ 15,500 Indirect labor $ 214,000 Utilities, factory $ 19,500 Utilities, executive offices $ 8,700 Property taxes, factory $ 16,000 Property taxes, executive offices $ 12,900 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens. Bonita Company Schedule of Cost of Goods Manufactured Add :( Less : A $ Indirect Labor Utilities, Factory Utilities, Executive Offices Property Taxes, Factory Property Taxes, Executive Offices Property Taxes, Factory Property Taxes, Executive Offices OC
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