| Exercise 177 From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2016. | | | Account Balances | | | Finished Goods Inventory, December 31 | | $42,000 | | | | Factory Supervisory Salaries | | 12,000 | | | | Income Tax Expense | | 18,000 | | | | Raw Materials Inventory, December 1 | | 12,000 | | | | Work In Process Inventory, December 31 | | 15,000 | | | | Sales Salaries Expense | | 14,000 | | | | Factory Depreciation Expense | | 8,000 | | | | Finished Goods Inventory, December 1 | | 35,000 | | | | Raw Materials Purchases | | 105,000 | | | | Work In Process Inventory, December 1 | | 25,000 | | | | Factory Utilities Expense | | 6,000 | | | | Direct Labor | | 70,000 | | | | Raw Materials Inventory, December 31 | | 19,000 | | | | Sales Returns and Allowances | | 5,000 | | | | Indirect Labor | | 21,000 | | | | SAMPSON MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended December 31, 2016 | |  Indirect laborFactory utilities expenseRaw materials purchasesRaw materials inventory, December 31Direct materials usedFactory supervisory salariesFactory depreciation expenseWork in process, December 31Cost of goods manufacturedWork in process, December 1Raw materials inventory, December 1
| | | | | | $ 
| | |  Direct laborTotal manufacturing costsTotal cost of work in processTotal manufacturing overheadDirect materialsTotal raw materials available for useManufacturing overhead
| | | | | | | | |  Raw materials purchases Factory depreciation expense Direct materials used Factory utilities expense Raw materials inventory, December 31 Work in process, December 31 Indirect labor Cost of goods manufactured Factory supervisory salaries Work in process, December 1 Raw materials inventory, December 1
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| | | | |  Work in process, December 31 Raw materials inventory, December 31 Indirect labor Direct materials used Raw materials purchases Factory supervisory salaries Factory depreciation expense Factory utilities expense Work in process, December 1 Raw materials inventory, December 1 Cost of goods manufactured
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| | | | |  Total raw materials available for use Direct materials Direct labor Total cost of work in process Manufacturing overhead Total manufacturing overhead Total manufacturing costs
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| | | | |  Add Less
: |  Raw materials inventory, December 31Factory depreciation expenseRaw materials purchasesFactory utilities expenseDirect materials usedWork in process, December 1Factory supervisory salariesIndirect laborWork in process, December 31Cost of goods manufacturedRaw materials inventory, December 1
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| | | | |  Work in process, December 1 Factory utilities expense Factory depreciation expense Work in process, December 31 Cost of goods manufactured Raw materials inventory, December 1 Raw materials purchases Raw materials inventory, December 31 Direct materials used Indirect labor Factory supervisory salaries
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| | | | |  Direct laborTotal manufacturing costsManufacturing overheadTotal cost of work in processTotal manufacturing overheadDirect materialsTotal raw materials available for use
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| | | | |  Total cost of work in processManufacturing overheadDirect materialsTotal raw materials available for useTotal manufacturing overheadTotal manufacturing costsDirect labor
| | | | | | | | |  Raw materials inventory, December 31 Factory supervisory salaries Raw materials purchases Direct materials used Factory depreciation expense Indirect labor Raw materials inventory, December 1 Factory utilities expense Work in process, December 31 Cost of goods manufactured Work in process, December 1
| | $ 
| | | | | | |  Raw materials inventory, December 31 Raw materials inventory, December 1 Cost of goods manufactured Direct materials used Work in process, December 31 Factory depreciation expense Indirect labor Work in process, December 1 Factory supervisory salaries Factory utilities expense Raw materials purchases
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| | | | | | |  Work in process, December 1 Indirect labor Factory supervisory salaries Direct materials used Factory depreciation expense Raw materials inventory, December 31 Cost of goods manufactured Raw materials inventory, December 1 Raw materials purchases Factory utilities expense Work in process, December 31
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| | | | | | |  Raw materials inventory, December 1 Work in process, December 31 Cost of goods manufactured Raw materials purchases Indirect labor Raw materials inventory, December 31 Work in process, December 1 Direct materials used Factory supervisory salaries Factory depreciation expense Factory utilities expense
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| | | | | | |  Total manufacturing costs Direct labor Direct materials Total cost of work in process Manufacturing overhead Total manufacturing overhead Total raw materials available for use
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| | | | |  Total manufacturing overheadDirect materialsTotal raw materials available for useDirect laborManufacturing overheadTotal cost of work in processTotal manufacturing costs
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| | |  Direct materialsDirect laborManufacturing overheadTotal manufacturing overheadTotal cost of work in processTotal raw materials available for useTotal manufacturing costs
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| | |  AddLess
: |  Work in process, December 1Raw materials inventory, December 31Cost of goods manufacturedFactory depreciation expenseIndirect laborRaw materials inventory, December 1Raw materials purchasesFactory utilities expenseDirect materials usedWork in process, December 31Factory supervisory salaries
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| | |  Indirect laborWork in process, December 31Cost of goods manufacturedWork in process, December 1Factory depreciation expenseRaw materials inventory, December 1Direct materials usedFactory supervisory salariesRaw materials purchasesRaw materials inventory, December 31Factory utilities expense
| | | | | | $ 
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