Carlton Manufacturing Company provided the following details about operations in February: Purchases of raw materials Maintenance,...
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Carlton Manufacturing Company provided the following details about operations in February: Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment $172,000 41,200. 35,300 60,600 Indirect materials, factory 3,700 Selling and administrative salaries 46,700 Utilities, factory 28,800 Sales commissions 18,900 Insurance, factory equipment 4,700 22,800 Advertising expenses 114,500 Depreciation, sales equipment Rent, factory building The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials Work in process Finished goods Beginning End of of Month Month $39,000 ? 29,600 22,000 ? ? Raw materials used in production cost $185,120, total overhead costs for the month were $213,680, the goods available for sale totalled $416,000, and the cost of goods sold totalled $359,500. Required: 1-a. Prepare a schedule of cost of goods manufactured of the company's income statement for the month of February. CARLTON MANUFACTURING Schedule of Cost of Goods Manufactured Direct materials: ni Carlton Manufacturing Company provided the following details about operations in February: Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment $172,000 41,200. 35,300 60,600 Indirect materials, factory 3,700 Selling and administrative salaries 46,700 Utilities, factory 28,800 Sales commissions 18,900 Insurance, factory equipment 4,700 22,800 Advertising expenses 114,500 Depreciation, sales equipment Rent, factory building The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials Work in process Finished goods Beginning End of of Month Month $39,000 ? 29,600 22,000 ? ? Raw materials used in production cost $185,120, total overhead costs for the month were $213,680, the goods available for sale totalled $416,000, and the cost of goods sold totalled $359,500. Required: 1-a. Prepare a schedule of cost of goods manufactured of the company's income statement for the month of February. CARLTON MANUFACTURING Schedule of Cost of Goods Manufactured Direct materials: ni
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