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Required: a) From the information provided, compute: i.) Direct Materials Used ii.) Manufacturing Overhead cost b) Prepare a Cost of Goods Manufactured Schedule for June
Required: a) From the information provided, compute: i.) Direct Materials Used ii.) Manufacturing Overhead cost b) Prepare a Cost of Goods Manufactured Schedule for June 2021. c) Compute the Cost of Goods Sold for June 2021.
$ Raw materials inventory, June 1 Raw materials inventory, June 30 30,000 60,000 27,000 18,000 Work in process, June 1 Work in process, June 30 Finished goods, June 1 Finished goods, June 30 Raw materials purchases Direct labor Depreciation-factory equipment Depreciationadministrative equipment Factory supplies used Factory utilities Sales commissions Indirect labor Indirect materials Factory utilities $1,500,000 690,000 200,000 100,000 75,000 125,000 275,000 200,000 150,000 50,000 60,000 48,000Step by Step Solution
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