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MOLINA COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2014 Work in process (1/1) Direct materials Raw materials inventory (1/1) 166,790
MOLINA COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2014 Work in process (1/1) Direct materials Raw materials inventory (1/1) 166,790 Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 25,510 Direct materials used Direct labor Manufacturing overhead 23,060 Indirect labor Factory depreciation 39,520 Factory utilities 74,500 Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured $198,180 137,080 $217,710 81,350 $534,390
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