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Information for Verdi Company is shown. Work in process, July 1, 20-1 $20,760 Materials inventory, July 1, 20-1 12,348 Materials purchases 154,008 Direct labor 330,576

Information for Verdi Company is shown.

Work in process, July 1, 20-1 $20,760
Materials inventory, July 1, 20-1 12,348
Materials purchases 154,008
Direct labor 330,576
Actual factory overhead 201,384
Work in process, June 30, 20-2 17,940
Materials inventory, June 30, 20-2 15,180

Required:

Prepare a schedule of cost of goods manufactured for Verdi Company for the year ended June 30, 20-2. Assume that all materials inventory items are direct materials.

Information for Verdi Company is shown.

Work in process, July 1, 20-1 $20,760
Materials inventory, July 1, 20-1 12,348
Materials purchases 154,008
Direct labor 330,576
Actual factory overhead 201,384
Work in process, June 30, 20-2 17,940
Materials inventory, June 30, 20-2 15,180

Required:

Prepare a schedule of cost of goods manufactured for Verdi Company for the year ended June 30, 20-2. Assume that all materials inventory items are direct materials.

X

Accounts and Amount Descriptions

Accounts
Direct labor
Factory overhead
Amount Descriptions
Cost of goods manufactured
Cost of materials used
Materials available for use
Materials inventory, July 1, 20-1
Materials inventory, June 30, 20-2
Materials purchases
Total manufacturing costs
Total work in process during the period
Work in process, July 1, 20-1
Work in process, June 30, 20-2

Verdi Company

Schedule of Cost of Goods Manufactured

For Year Ended June 30, 20-2

1

2

Direct materials

3

4

5

6

7

8

9

10

11

12

13

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