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North Pacific Company used $65,000 of direct materials and incurred $43,000 of direct labor costs during the most recent year. Indirect labor amounted to
North Pacific Company used $65,000 of direct materials and incurred $43,000 of direct labor costs during the most recent year. Indirect labor amounted to $1,700 while indirect materials used totaled $1,800. Other operating costs pertaining to the factory included utilities of $4,300; maintenance of $6,800, supplies of $1,500. depreciation expense of $8,900, and property taxes o $2,400. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $6,400 balance and ended the year with a $7,800 balance. Prepare a schedule of cost of goods manufactured for North Pacific Company for the year ended December 31 (set it up like a financial statement showing all applicable information) B IUS IE x Insert Formula
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