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Raw Mat. Beginning = $60,000 Raw Purcases = $140,000 Raw Mat. Ending $64,000 G&A Exp. = $103,500 Selling Exp. = $75,000 Rent expense = $45,000
Raw Mat. Beginning = $60,000 Raw Purcases = $140,000 Raw Mat. Ending $64,000 G&A Exp. = $103,500 Selling Exp. = $75,000
Rent expense = $45,000 Repairs expenses = $11,500 Factory utilities =$9500 Factory supplies = $14,000 Indirect labor = $38,000
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 $20,000 Factory supplies used (indirect materials) Factory utilities $10,000 $o Beginning Ending Beginning Ending Parex 1 2 3 of 3 Next > 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 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 i + ableau TO 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 available for use Direct materials used Factory overhead Prey 11 2 3 of 3 133 Next > arch 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 available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured Prey 1 2 3 of 3 Next > search o keStep by Step Solution
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