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Coronado Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Coronados CFO, has presented you with the following cost information: Direct Materials Inventory, beginning
Coronado Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Coronados CFO, has presented you with the following cost information:
Direct Materials Inventory, beginning | $ | 83,000 | |||
Direct Materials Inventory, ending | $ | 122,000 | |||
Work in Process Inventory, beginning | $ | 160,000 | |||
Work in Process Inventory, ending | $ | 98,200 | |||
Direct labor | $ | 760,000 | |||
Direct materials purchases | $ | 947,000 | |||
Insurance, factory | $ | 59,400 | |||
Depreciation, factory | $ | 24,300 | |||
Depreciation, executive offices | $ | 15,400 | |||
Indirect labor | $ | 228,000 | |||
Utilities, factory | $ | 18,900 | |||
Utilities, executive offices | $ | 8,600 | |||
Property taxes, factory | $ | 18,300 | |||
Property taxes, executive offices | $ | 11,200 |
Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens.
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