Question
Fill in the missing information on the cost of goods manufactured schedule of Oriole Manufacturing Company: (Assume all raw materials used were direct materials.) ORIOLE
Fill in the missing information on the cost of goods manufactured schedule of Oriole Manufacturing Company: (Assume all raw materials used were direct materials.) ORIOLE MANUFACTURING COMPANY Cost of Goods Manufactured Schedule choose the accounting period
Work in process inventory (1/1) $374,000
Direct materials
Raw materials inventory (1/1) ($enter a dollar amount)
Raw materials purchases 270,600
Raw materials available for use (enter a total of the two previous amounts)
Raw materials inventory (12/31) 40,700
Direct materials used $280,500
Direct labor (enter a dollar amount)
Manufacturing overhead
Indirect labor 20,900
Factory depreciation 41,800
Factory utilities 42,900
Total overhead (enter a subtotal of the three previous amounts)
Total manufacturing (costs enter a total amount for the first part)
Total cost of work in process (enter a total amount for all two parts)
Less: Work in process inventory (12/31) 354,200
Cost of goods manufactured $528,000
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