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Chapter 02 Using the information below, prepare a Schedule of Cost of Goods Manufactured. - 8 marks Purchases of raw materials $95,000.00 Raw materials inventory,
Chapter 02
- Using the information below, prepare a Schedule of Cost of Goods Manufactured. - 8 marks
| Purchases of raw materials | $95,000.00 |
| Raw materials inventory, beginning | $9,000.00 |
| Raw materials inventory, ending | $16,000.00 |
| Depreciation, factory | $45,000.00 |
| Insurance, factory | $7,500.00 |
| Direct Labour | $68,000.00 |
| Maintenance factory | $33,000.00 |
| Administrative Expenses | $65,000.00 |
| Sales | $472,000.00 |
| Utilities, factory | $29,000.00 |
| Supplies, factory | $3,000.00 |
| Selling expenses | $90,000.00 |
| Indirect labour | $72,000.00 |
| Work in Process inventory, beginning | $5,000.00 |
| Work in Process inventory, ending | $26,000.00 |
| Finished Goods inventory, beginning | $12,000.00 |
| Finished Goods inventory, ending | $45,000.00 |
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
