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Problem 19-4A The following data were taken from the records of Blumbey Manufacturing Company for the fiscal year ended June 30, 2012. Raw Materials Inventory
Problem 19-4A
The following data were taken from the records of Blumbey Manufacturing Company for the fiscal year ended June 30, 2012.
Raw Materials Inventory 7/1/11 | $48,030 | Factory Insurance | $5,060 | |||
Raw Materials Inventory 6/30/12 | 39,690 | Factory Machinery Depreciation | 15,770 | |||
Finished Goods Inventory 7/1/11 | 95,940 | Factory Utilities | 27,270 | |||
Finished Goods Inventory 6/30/12 | 98,830 | Office Utilities Expense | 8,770 | |||
Work in Process Inventory 7/1/11 | 19,380 | Sales | 556,490 | |||
Work in Process Inventory 6/30/12 | 18,870 | Sales Discounts | 4,150 | |||
Direct Labor | 149,000 | Plant Managers Salary | 29,160 | |||
Indirect Labor | 24,160 | Factory Property Taxes | 9,750 | |||
Accounts Receivable | 26,770 | Factory Repairs | 1,820 | |||
Raw Materials Purchases | 96,370 | |||||
Cash | 31,820 |
Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)
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