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Required information [The following information applies to the questions displayed below.) You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory $50,000 54,000 50,000 $40,000 43,000 Repairs expense - Factory $30,000 33,000 Factory supplies used (indirect materials) Factory utilities $20,000 $10,000 Beginning Ending Beginning Ending Indirect labor Additional Data | Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses SO $200,000 $400,000 $600,000 $800,000 $1,000,000 Prepare a schedule of cost of goods manufactured for the current year ended December 31. List individual overhead account balances in the schedule. Mountaineer Co. Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials inventory, beginning Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured Required information [The following information applies to the questions displayed below.) You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory $50,000 54,000 50,000 $40,000 43,000 Repairs expense - Factory $30,000 33,000 Factory supplies used (indirect materials) Factory utilities $20,000 $10,000 Beginning Ending Beginning Ending Indirect labor Additional Data | Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses SO $200,000 $400,000 $600,000 $800,000 $1,000,000 Prepare a schedule of cost of goods manufactured for the current year ended December 31. List individual overhead account balances in the schedule. Mountaineer Co. Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials inventory, beginning Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured
