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LO7 E15.6 Determine the missing amounts in cost of goods manufactured schedule. The cost of goods manufactured schedule shows each of the cost elements. SOLOMON
LO7 E15.6 Determine the missing amounts in cost of goods manufactured schedule. The cost of goods manufactured schedule shows each of the cost elements. SOLOMON MANUFACTURING COMPANY Cost of goods manufactured schedule for the year ended 31 December 2020 $200 000 $ ? 158 000 (7500) $190 000 ? Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw material purchases Less: Raw material inventory (31/12) Direct materials used Direct labour Manufacturing overhead Indirect labour Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (31/12) Cost of goods manufactured 18 000 36 000 68 000 122 000 ? ? (81 000) $560 000 Required Complete the schedule for Solomon Manufacturing
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