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Forrest River Medical Supply Products Corp. Cost of Goods Manufactured Raw Material (January 1) 5 Purchases 6 Raw Material Available 7 Raw Material (January 31)
Forrest River Medical Supply Products Corp. Cost of Goods Manufactured Raw Material (January 1) 5 Purchases 6 Raw Material Available 7 Raw Material (January 31) 8 Raw Material Used 9 Direct Labor 10 Overhead: 11 Depr. Factory Equipment 12 Repairs/Maintenance-Factory 13 Indirect Labor 14 Insurance-Factory 15 Indirect Materials 16 Total Overhead 17 Total Manufacturing Costs 18 Work in Process (January 1) 19 Repairs/Maintenance Factory Indirect Labor Insurance Factory Indirect Materials Total Overhead Total Manufacturing Costs Work in Process (January 1) Work in Process (January 31) Cost of Goods Manufactured Cost of Goods Sold: Finished Goods (January 1) Cost of Goods Manufactured Total Goods Available Finished Goods (January 31) Cost of Goods Sold Problem 5-15 Points: The following information is for the Tree River Medical Supply Products Corp. for January 2019. Beginning Inventories Raw Material (RM) Ending 13,870 12,336 22,480 10,870 18,592 Work in Process (WIP) Finished Goods (FG) 16,872 Direct Labor (32,737.1 DLH @ $24.00) 16,224 Raw Material Purchases Depreciation - Factory Equipment Insurance-Factory $619,450 Office Supplies Expense 18,662 Indirect Materials 37,940 Insurance-Office 284,500 Depreciation - Office Equipment 1,600 168,770 4,570 5,750 Repair/Maintenance - Factory Indirect Labor Create the cost of goods manufactured, and cost of goods sold statements
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