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Jennifer Davis, the bookkeeper for Pharoah Consulting, a political consulting firm, has recently completed a managerial accounting course at her local college. One of the
Jennifer Davis, the bookkeeper for Pharoah Consulting, a political consulting firm, has recently completed a managerial accounting course at her local college. One of the topics covered in the course was the cost of goods manufactured schedule. Jennifer wondered if such a schedule could be prepared for her firm. She realized that, as a service-oriented company, it would have no work in process inventory to consider. Listed here are the costs her firm incurred for the month ended August 31, 2022. Supplies used on consulting contracts $1,510 Supplies used in the administrative offices 1,350 Depreciation on equipment used for contract work 820 Depreciation used on administrative office equipment 940 Salaries of professionals working on contracts 14,030 Salaries of administrative office personnel 6,910 Janitorial services for professional offices 610 Janitorial services for administrative offices 450 Insurance on contract operations 740 Insurance on administrative operations 820 Utilities for contract operations 1,270 Utilities for administrative offices 1,190 Prepare a schedule of cost of contract services performed (similar to a cost of goods manufactured schedule) for the month. PHAROAH CONSULTING Schedule of Cost of Contract Services Performed V $ > $
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