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Instructions: Complete the Schedule of Cost of Goods Manufactured assuming: Direct materials used, $2,500 Direct labor, $3,000 Other operating costs pertaining to the factory included
Instructions: Complete the Schedule of Cost of Goods Manufactured assuming: Direct materials used, $2,500 Direct labor, $3,000 Other operating costs pertaining to the factory included utilities of $1,000, indirect labor of $2,500 maintenance of $3,500, depreciation of $1,800, and property taxes of $2,200. Beginning Finished Goods had 500 units that had a cost of $0.98 each. Ending Finished Goods Inventory had 700 units left. Assume FIFO to calculate the inventory value. Troll House Cookies Statement of Cost of Goods Sold Month ended October 31, 20XX Beginning Finished Goods Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold \begin{tabular}{|l|} \hline \\ \hline \\ \hline \\ \hline \end{tabular} Instructions: Complete the Schedule of Cost of Goods Manufactured assuming: Direct materials used, $2,500 Direct labor, $3,000 Other operating costs pertaining to the factory included utilities of $1,000, indirect labor of $2,500 maintenance of $3,500, depreciation of $1,800, and property taxes of $2,200. Beginning Finished Goods had 500 units that had a cost of $0.98 each. Ending Finished Goods Inventory had 700 units left. Assume FIFO to calculate the inventory value. Troll House Cookies Statement of Cost of Goods Sold Month ended October 31, 20XX Beginning Finished Goods Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold \begin{tabular}{|l|} \hline \\ \hline \\ \hline \\ \hline \end{tabular}
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