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Harding Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: EEB (Click the icon to view year-end information.) Data
Harding Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: EEB (Click the icon to view year-end information.) Data Table Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Harding manufactured 2,225 lamps for the year? Beginning Ending Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance plant Indirect labor Direct labor Administrative expenses Beginning Work-in-Process Inventory $ 56,000 29,000 64,000 49,000 Direct Materials Used: 103,000 Beginning Direct Materials Purchases of Direct Materials Direct Materials Available for Use Ending Direct Materials S56,000 43,000 $ 20,000 157,000 30,000 48,000 12,000 30,000 130,000 59,000 Direct Materials Used Direct Labor Manufacturing Overhead: 130,000 Indirect Labor Insurance on Plant Depreciation, Plant Building and Equipment Repairs and Maintenance-Plant 30,000 30,000 20,000 12,000 Total Manufacturing Overhead Print Done Harding Corp., a lamp manufacturer, provided the following information for the year enDmber 31, 2018: (Click the icon to view year-end information.) Data Table Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Harding manufactured 2,225 lamps for the year? Balances Beginning Ending Direct Materials Available for Use Direct Materials S 56,000 29,000 64,000 49,000 Ending Direct Materials 103,000 Direct Materials Used Direct Labor Manufacturing Overhead: Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses 43,000 130,000 $ 20,000 157,000 30,000 48,000 12,000 30,000 130,000 59,000 Indirect Labor Insurance on Plant Depreciaton, Plant Building and Equipment Repairs and Maintenance- Plant 30,000 30,000 20,000 12,000 Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured PrintDone
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