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Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning
Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning 86,000 Direct Materials Inventory, ending $123,000 Work in Process Inventory, beginning $162,000 Work in Process Inventory, ending $95,800 Direct labor Direct materials purchases Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $754,000 $972,000 $ 54,400 $23,500 $ 10,800 $244,000 $ 15,600 $ 8,200 $ 15,100 $14,000 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens
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