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Fill in the missing information on the cost of goods manufactured schedule of Ivanhoe Manufacturing Company: (Assume all raw materials used were direct materials.)
Fill in the missing information on the cost of goods manufactured schedule of Ivanhoe Manufacturing Company: (Assume all raw materials used were direct materials.) Work in process inventory (1/1) Direct materials Raw materials $ inventory (1/1) Raw materials purchases Raw materials available for use Raw materials inventory [12/31) Direct materials used Direct labor Manufacturing IVANHOE MANUFACTURING COMPANY Cost of Goods Manufactured Schedule 211,560 31,920 overhead Indirect labor 16,340 Factory depreciation 32,680 Factory utilities 33,540 Total overhead Total manufacturing costs Total cost of workin process Less: Work in process inventory [12/31) Cost of goods manufactured $219,300 $292,400 276,920 $412,800
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