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E16-20 (similar to) Clarkson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: (Click the icon to view year-end
E16-20 (similar to) Clarkson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: (Click the icon to view year-end information.) Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Clarkson manufactured 3,280 lamps for the year? Requirement 1. Use the information to prepare a schedule of cost of goods manufactured. Clarkson, Corp. Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured i Data Table Balances: Direct Materials Beginning Ending $ 50,000 $ 30,000 100,000 68,000 43,000 50.000 Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases 17,000 154,000 26,000 42,000 Insurance on plant Sales salaries Repairs and maintenance-plant 4,000 Indirect labor Direct labor Administrative expenses 34,000 123,000 57,000 | Print Print Done Done
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