Question
Efficient Manufacturing LLC had the following account balances for the quarter ending Dec 31st 2011, unless otherwise noted: Work-in-process inventory (1st Oct, 2011) 28,080 Work-in-process
| Efficient Manufacturing LLC had the following account balances for the quarter ending Dec 31st 2011, unless otherwise noted: | |
|
| |
| Work-in-process inventory (1st Oct, 2011) | 28,080 |
| Work-in-process inventory (31st Dec, 2011) | 34,200 |
| Finished goods inventory (1st Oct, 2011) | 108,000 |
| Finished goods inventory (31st Dec, 2011) | 102,000 |
| Direct materials used | 75,600 |
| Indirect materials used | 16,800 |
| Direct manufacturing labor | 96,000 |
| Indirect manufacturing labor | 37,200 |
| Property taxes | 5,760 |
| Salespersons' company vehicle costs | 2,400 |
| Depreciation of manufacturing equipment | 52,800 |
| Depreciation of office equipment | 24,720 |
| Miscellaneous plant overhead | 27,000 |
| Plant utilities | 18,480 |
| General office expenses | 61,080 |
| Marketing distribution costs | 6,000 |
| Required: | |
| a.Prepare a cost of goods manufactured schedule for the quarter. |
|
| b.Prepare a cost of goods sold schedule for the quarter. |
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Statistics Unlocking The Power Of Data
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
1st Edition
0470601876, 978-0470601877
