Question
Marigold Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Marigold's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning
Marigold Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Marigold's CFO, has presented you with the following cost information:
Direct Materials Inventory, beginning $83,000
Direct Materials Inventory, ending $127,000
Work in Process Inventory, beginning $178,000
Work in Process Inventory, ending $96,600
Direct labor $761,000
Direct materials purchases $985,000
Insurance, factory $58,700
Depreciation, factory $29,200
Depreciation, executive offices $15,400
Indirect labor $217,000
Utilities, factory $16,700
Utilities, executive offices $8,900
Property taxes, factory $17,500
Property taxes, executive offices $17,400
Using this cost information, need help with a cost of goods manufactured schedule for Mr. Clemens.
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