Problem # 6

Fizdale & Co. has the following cost data for the year ended December 31, 2019:

Raw Materials 1/1/19 187,000

Raw Materials 12/31/19 176,000

Raw Material purchases 1,322,000

Work-in-process 1/1/19 65,000

Work-in-process 12/31/19 73,000

Finished Goods 1/1/19 162,000

Finished Goods 12/31/19 157,000

Direct Labor 965,000

Factory Overhead 734,000

Prepare a cost of goods manufactured schedule for 2019

Prepare a cost of goods sold statement for 2019