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Fill in the missing information on the cost of goods manufactured schedule of Wildhorse Manufacturing Company: (Assume all raw materials used were direct materials.) Work
Fill in the missing information on the cost of goods manufactured schedule of Wildhorse Manufacturing Company: (Assume all raw materials used were direct materials.) Work in process inventory (1/1) WILDHORSE MANUFACTURING COMPANY Cost of Goods Manufactured Schedule Direct materials Raw materials inventory (1/1) $ Raw materials purchases 319,800 Raw materials available for use Raw materials inventory (12/31) 48,100 Direct materials used $331,500 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process inventory (12/31) Cost of goods manufactured 24,700 49,400 50,700 $442,000 418,600 $624,000
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