Question
Indirect labor 1,232,055 Total depreciation 310,300 Total utilities 260,000 Interest expense 67,500 Other factory overhead 77,454 Of the total depreciation, 70% relates to manufacturing and
Indirect labor 1,232,055 Total depreciation 310,300 Total utilities 260,000 Interest expense 67,500 Other factory overhead 77,454 "Of the total depreciation, 70% relates to manufacturing and 30% relates to general and administrative costs.
Of the total utilities, 60% relates to manufacturing and 40% relates to general and administrative costs. " "Income taxes are 33% of income before taxes. "
Following is information about various inventory components: "Raw Materials beginning balance 775,090; purchases 4334,665; ending balance 812,332. "Indirect Materials beginning balance 55,080; purchases 320,500; ending balance 71,715. " "Work in Process beginning balance 1,213,678; ending balance 994,070. "Finished Goods" Beginning balance 1,242,664; ending balance 1,553509.
Use the above information to construct a schedule of cost of goods manufactured for the year ending December 31, 20X9.
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