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Required Supply the missing information on the following schedule of cost of goods manufactured. FANNING CORPORATION Schedule of Cost of Goods Manufactured For the Year
Required Supply the missing information on the following schedule of cost of goods manufactured. FANNING CORPORATION Schedule of Cost of Goods Manufactured For the Year Ended December 31, Year 2 Raw materials Beginning inventory Plus: Purchases 119,000 Raw materials available for use $ 149,700 Minus: Ending raw materials inventory Cost of direct raw materials used Direct labor Manufacturing overhead Total manufacturing costs Plus: Beginning work in process inventory Total work in process Minus: Ending work in process inventory Cost of goods manufactured $ 123,800 22,500 308,300 46,200 306,100 $
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