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mpute the Cost of Goods Manufactured by completing the Cost of Goods Manufactured Schedule using the following cost data and account balances: Coconut Flakes
mpute the Cost of Goods Manufactured by completing the Cost of Goods Manufactured Schedule using the following cost data and account balances: Coconut Flakes Purchase $ 20,000 Account Balances Oven Depreciation $ 10,000 Beg. Direct Materials $ 50,000 Computer Insurance $ 5,000 Ending Direct Materials $ 60,000 Bakery Security Guard Wages $ 20,000 Beg. Work-In-Process Inventory $ 10,000 Flour Purchased $ 25,000 Beg. Finished Goods S 6,000 Bakers Salaries $ 50,000 Ending Work-In-Process Inventory $ 5,000 Bakery Electricity $ 1,000 Ending Finished Goods $ 8,000 Eggs Purchased $ 30,000 Cookies Produced 110,000 cookies Corporate Headquarters Heating $ 7,000 Cookies Sold 100,000 cookies Cookie Shipping $ 1,000 Actual Direct Labor Hours Used 500 hrs Butter Purchased $ 15,000 Baking Supervisor Salary $ 30,000 Sanitary Gloves Purchased (Worn by Bakers) $ 5,500 Sugar Purchased $ 20,000 equirement 2: Complete the Schedule of Cost of Goods Manufactured. Schedule of Cost of Goods Manufactured eginning Work-in-Process Inventory rect Materials Used: Beginning Direct Materials Direct Labor Direct Materials Used Manufacturing Overhead anufacturing Overhead: Total Manufacturing Costs Incurred during Period Beginning Work-in-Process Inventory Total Manufacturing Costs to Account For Ending Work-in-Process Inventory ost of Goods Manufactured Using the results from Requirement 2, calculate the cost per u manufactured assuming 110,000 units were manufactured. Cost of Goods Manufactured Total Units Produced Unit Product Cost $ 50,000 *Make sure you only include direct materials in the direct materials used calc Requirement 2: Complete the Schedule of Cost of Goods Manufa Schedule of Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used: Beginning Direct Materials Beginning Work-in-Process Inventory Cost of Goods Manufactured Direct Labor Direct Materials Used Ending Work-in-Process Inventory Manufacturing Overhead Total Manufacturing Costs Incurred during Period Total Manufacturing Costs to Account For Depreciation Plant and Equipment Plant Utilities, Insurance, and Property Taxes Indirect Labor Direct Materials Purchased COST OF TIOTTUractureu S +
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