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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 Indirect materials, factory
Carlton Manufacturing Company provided the following details about operations in February Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales comissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building 139,00 37.900 33, 100 56,200 3,150 43,400 26,660 17,800 4,150 20,600 109,000 ? The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Beginning of Month $ 28,000 25,200 16,500 End of Month 2 ? ? Raw materials Work in process Finished goods Raw materials used in production cost $145,080, total overhead costs for the year were $179,360, the goods available for sale totalled $372,000, and the cost of goods sold totalled $326,500 Required: 1-2. Prepare a schedule of cost of goods manufactured of the company's income statement for the year. 1-b. Prepare a schedule cost of goods sold section of the company's income statement for the year. $ 0 2 Assume that the dollar amounts given above are for the equivalent of 15,600 units produced during the year. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) Average cost Next > 10 of 13
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