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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,
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 $ 64,000 Direct Materials Inventory, ending $ 47,000 Work in Process Inventory, beginning $ 28,000 Work in Process Inventory, ending Direct labor $ 23,000 $ 156,000 Direct materials purchases $ 220,000 Insurance, factory $ 43,000 Depreciation, factory $ 19,000 Depreciation, executive offices $ 12,000 Indirect labor $ 15,000 Utilities, factory $ 16,000 Utilities, executive offices $ 7,000 Property taxes, factory $ 13,000 Property taxes, executive offices $ 8,000 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens. Rocket Company Schedule of Cost of Goods Manufactured > > > $
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