Question
Partially correct answer icon Your answer is partially correct. An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured
Partially correct answer icon
Your answer is partially correct.
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Ayayai Company. Assume all raw materials are direct materials.
AYAYAI COMPANY Cost of Goods Manufactured Schedule choose the accounting period For the Year Ended December 31, 2022For the Month Ended December 31, 2022December 31, 2022 | ||||||
---|---|---|---|---|---|---|
Work in process (1/1) | $168,000 | |||||
Direct materials | ||||||
Raw materials inventory (1/1) | $enter a dollar amount | |||||
Add: Raw materials purchases | 126,400 | |||||
Total raw materials available for use | enter a total of the two previous amounts | |||||
Less: Raw materials inventory (12/31) | 18,000 | |||||
Direct materials used | $144,000 | |||||
Direct labor | enter a dollar amount | |||||
Manufacturing overhead | ||||||
Indirect labor | 14,400 | |||||
Factory depreciation | 28,800 | |||||
Factory utilities | 54,400 | |||||
Total overhead | 97,600 | |||||
Total manufacturing costs | enter a total amount for the first part | |||||
Total cost of work in process | enter a total amount for all two parts | |||||
Less: Work in process (12/31) | 64,800 | |||||
Cost of goods manufactured | $432,000 |
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