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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.) IVANHOE
Fill in the missing information on the cost of goods manufactured schedule of Ivanhoe Manufacturing Company: (Assume all raw materials used were direct materials.) IVANHOE MANUFACTURING COMPANY Cost of Goods Manufactured Schedule Work in process inventory (1/1) $292,400 Direct materials Raw materials inventory (1/1) Raw materials purchases 211,560 Raw materials available for use Raw materials inventory (12/31) 31,820 Direct materials used $219,300 Direct labor Manufacturing overhead Indirect labor 16,340 Factory depreciation 32,680 Factoryutilities 33,540 Total overhead Total manufacturing costs Raw materials available for use Raw materials inventory (12/31) 31,820 Direct materials used $219,300 Direct labor Manufacturing overhead Indirect labor 16,340 Factory depreciation 32,680 Factory utilities 33,540 Total overhead Total manufacturing costs Total cost of work in process Less: Work in process inventory (12/31) Cost of goods manufactured 276,920 $412.800
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