Requirement 1. Use the information to prepare a schedule of cost of goods manufactured.

Davis, Corp.
Schedule of Cost of Goods Manufactured
Year Ended December 31, 2024
Direct Materials Used:
Direct Materials Used
Manufacturing Overhead:
Total Manufacturing Overhead
Total Manufacturing Costs Incurred during the Year
Total Manufacturing Costs to Account For
Cost of Goods Manufactured

Data table

Balances:	Beginning	Ending
Direct Materials	$58,000	$28,000
Work-in-Process Inventory	108,000	65,000
Finished Goods Inventory	44,000	50,000

Data table

Other information:
Depreciation, plant building and equipment	$14,000
Direct materials purchases	160,000
Insurance on plant	22,000
Sales salaries	48,000
Repairs and maintenanceplant	12,000
Indirect labor	34,000
Direct labor	127,000
Administrative expenses	50,000