Question
Current Attempt in Progress An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Shamrock Company. (Assume
Current Attempt in Progress
An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Shamrock Company. (Assume that all raw materials used were direct materials.)
SHAMROCK COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 | ||||||
---|---|---|---|---|---|---|
Work in process, January 1 | $235,200 | |||||
Direct materials | ||||||
Raw materials inventory, January 1 | ? | |||||
Raw materials purchases | 177,600 | |||||
Total raw materials available for use | ? | |||||
Less: Raw materials inventory, December 31 | 26,000 | |||||
Direct materials used | $201,600 | |||||
Direct labor | enter a dollar amount | |||||
Manufacturing overhead | ||||||
Indirect labor | 20,800 | |||||
Factory depreciation | 40,000 | |||||
Factory utilities | 76,800 | |||||
Total manufacturing overhead | 137,600 | |||||
Total manufacturing costs | enter a total amount for the first part | |||||
Total cost of work in process | enter a total amount for all two parts | |||||
Less: Work in process, December 31 | 90,400 | |||||
Cost of goods manufactured | $604,800 |
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