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Prepare cost of goods manufactured Statement Manufacturing overhead costs incurred: Indirect materials $ 16,200 Indirect labor 142,000 Property taxes, factory 9,200 Utilities, factory 82,000 Depreciation,
Prepare cost of goods manufactured Statement
Manufacturing overhead costs incurred: | ||
Indirect materials | $ | 16,200 |
Indirect labor | 142,000 | |
Property taxes, factory | 9,200 | |
Utilities, factory | 82,000 | |
Depreciation, factory | 169,900 | |
Insurance, factory | 11,200 | |
Total actual manufacturing overhead costs incurred | $ | 430,500 |
Other costs incurred: | ||
Purchases of raw materials (both direct and indirect) | $ | 412,000 |
Direct labor cost | $ | 72,000 |
Inventories: | ||
Raw materials, beginning | $ | 21,200 |
Raw materials, ending | $ | 31,200 |
Work in process, beginning | $ | 41,200 |
Work in process, ending | $ | 71,200 |
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