Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please follow format! Porcelain Computer Company is a manufacturer of personal computers and tablets. During its first month of manufacturing, Porcelain Computer Company incurred the
Please follow format!
Porcelain Computer Company is a manufacturer of personal computers and tablets. During its first month of manufacturing, Porcelain Computer Company incurred the following manufacturing costs: D(Click the icon to view the manufacturing costs.) Prepare a schedule of cost of goods manufactured for Porcelain Computer Company for the month ended January 31, 2020. (Complete all answer boxes. Enter a "0" for any zero balances.) Data Table - X Porcelain Computer Company Schedule of Cost of Goods Manufactured Month Ended January 31, 2020 Beginning Work-in-Process Inventory Direct Materials Used: 106001 Purchases of Direct Materials 17000 27600 (9400) Beginning Ending $ 10,600 $ 9,400 0 21,000 0 31,500 18200 260000 $ 17,000 Direct Labor Manufacturing Overhead: Plant janitorial services Utilities for plant Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Direct materials purchases Plant janitorial services Sales salaries expense Delivery expense Net sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor 1,300 1300 13000 6000 Rent on plant Total Manufacturing Costs Incurred during the Month 20300 7,000 1,500 1,050,000 13,000 6,000 298500 298500 (21000) Ending Work-in-Process Inventory 18,000 260,000 Cost of Goods Manufactured 277500 Print DoneStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started