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Problem 14-04A a-c The following data were taken from the records of Marigold Company for the fiscal year ended June 30, 2020. Raw Materials Inventory
Problem 14-04A a-c
The following data were taken from the records of Marigold Company for the fiscal year ended June 30, 2020.
Raw Materials Inventory 7/1/19 | $48,100 | Factory Insurance | $5,100 | |||
Raw Materials Inventory 6/30/20 | 44,400 | Factory Machinery Depreciation | 16,200 | |||
Finished Goods Inventory 7/1/19 | 98,800 | Factory Utilities | 29,300 | |||
Finished Goods Inventory 6/30/20 | 29,500 | Office Utilities Expense | 9,050 | |||
Work in Process Inventory 7/1/19 | 25,700 | Sales Revenue | 561,800 | |||
Work in Process Inventory 6/30/20 | 24,900 | Sales Discounts | 4,800 | |||
Direct Labor | 140,350 | Plant Managers Salary | 65,700 | |||
Indirect Labor | 26,460 | Factory Property Taxes | 9,710 | |||
Accounts Receivable | 31,200 | Factory Repairs | 2,400 | |||
Raw Materials Purchases | 97,800 | |||||
Cash | 34,300 |
Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.):
MARIGOLD COMPANY Cost of Goods Manufactured Schedule > $ > HStep by Step Solution
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