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CH 1 8 Excel Project INSTRUCTIONS: Identify the costs with the correct classificaton and category table [ [ Description , Cost Classification ] ,
CH Excel Project
INSTRUCTIONS: Identify the costs with the correct classificaton and category
tableDescriptionCost ClassificationChocolate chips used in the cookies.,ProductDepreciation on the ovens.,ProductInsurance on the computers used in the accounting office.,PeriodWages for the bakery security guard.,ProductSalaries of the bakers who make the cookies.,ProductElectricity for the bakery.,ProductHeating for the corporate headquarters.,PeriodFreight for shipping the cookies to customers.,PeriodSalary of the baking supervisor.,Product
tableCategoryDirect materials DMFactory overhead FOHExpenseDirect labor DLDirect labor DLFactory overhead FOHExpenseExpenseDirect labor DL
Instructions: Complete the Schedule of Cost of Goods Manufactured assuming:
Direct materials used, $
Direct labor, $
Other operating costs pertaining to the factory included utilities of $ indirect labor of $ maintenance of $ depreciation of $ and property taxes of $
There was no beginning or ending finished goods inventory, but beginning workinprocess inventory was $ and ending workinprocess inventory, $
Troll House Cookies
Statement of Cost of Goods Manufactured
Month ended October XX
Factory Overhead
Total Factory Overhead
Total Manufacturing Costs Incurred
Total Manufacturing Costs
Cost of Goods Manufactured
Instructions: Using the results from above, calculate the cost per unit for goods
manufactured assuming units were manufactured.
Cost of Goods Manufactured
Total Units Produced
Unit Product Cost
Instructions: Complete the Cost of Goods Sold schedule. Beginning Finished Goods had units that had a cost of each. Ending Finished Goods Inventory had units left.
Assume FIFO to calculate the inventory value.
Troll House Cookies
Statement of Cost of Goods Sold
Month ended October XX
A
B
C
D
Instructions: Complete the Cost of Goods Sold schedule.
Beginning Finished Goods had units that had a cost of $ each. Ending Finished Goods Inventory had units left.
Assume FIFO to calculate the inventory value.
Troll House Cookies
Statement of Cost of Goods Sold
Month ended October XX
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