Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below.) Note: Assume ali raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials inventory $ 7,500 $ 10,500 Work in process inventory 15,000 10,500 Finished goods inventory 11,500 7.000 Activity during current year Raw materials purchased $ 126,500 Direct labor 95,500 Factory overhead 43,500 M noon QS 18-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of 543,500 consists of Indirect labor of $21,500, Depreciation expense-Factory of $16,500, and Factory utilities of $5,500 a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured Complete this question by entering your answers in the tabs below. Required Required Prepare a schedule of cost of goods manufactured Sthedule of Cost of Goods Manufactured Direct materials Raw materials inventory beginning Ramualarials purchases Raw materials available for use (The following information applies to the questions displayed below) Note: Assume all raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials Inventory $ 7,500 $ 10,500 Work in process inventory 15,000 10,5ee Finished goods inventory 11,500 7,600 Activity during current year Raw materials purchased $ 126,500 Direct labor 95,500 Factory overhead 43,500 QS 18-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $43,500 consists of Indirect labor of $21.500, Depreciation expense-Factory of $16,500, and Factory utilities of $5,500 a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required Red Compute total manufacturing costs. Raw maior Rampur Total manufacturing Required B HU VRIRUUJILUMI Required information $5,500 a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of cost of goods manufactured. $ 0 Schedule of Cost of Goods Manufactured Direct materials Raw materials inventory, beginning Raw materials purchases Raw materials available for use Les Raw materials inventory ending Direct materials used Direct labor Factory overhead Indirect labor Factory utilities Direct materials used Raw materials available for use Total factory overhead Total manufacturing costa Add: Work in process inventory, beginning Total cost of work in process Add: Work in process inventory ending Cost of goods manufactured 0 0
