Question
Inventories: Beginning Ending Raw Materials $54,000 $25,000 Work-in-Process 105,000 65,000 Finished Goods 42,000 50,000 Other information: Depreciation, plant building and equipment $18,000 Raw materials purchases
Inventories:
Beginning
Ending
Raw Materials
$54,000
$25,000
Work-in-Process
105,000
65,000
Finished Goods
42,000
50,000
Other information:
Depreciation, plant building and equipment
$18,000
Raw materials purchases
153,000
Insurance on plant
26,000
Sales salaries
41,000
Repairs and maintenance - plant
5,000
Indirect labor
38,000
Direct labor
126,000
Administrative expenses
59,000
HardingHarding
Corp., a lamp manufacturer, provided the following information for the year ended
DecemberDecember
3131,
20162016:
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Requirements
1. Use the information to prepare a schedule of cost of goods manufactured.
2. What is the unit product cost if
HardingHarding
manufactured
4 comma 3504,350
lamps for the year?
Requirement 1. Use the information to prepare a schedule of cost of goods manufactured.
| Harding, Corp. | ||||||
| Schedule of Cost of Goods Manufactured | ||||||
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| Total Manufacturing Costs to Account For |
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| Cost of Goods Manufactured |
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Frank Woods Business Accounting Volume 1
Authors: Frank Wood, Alan Sangster
11th Edition
0273712128, 978-0273712121
