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Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rockets 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, Rockets 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 $ 23,000
Direct labor $ 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

select an opening name for section one

select an item

$enter a dollar amount

select between addition and deduction

: select an item

enter a dollar amount

select between addition and deduction

: select an item

enter a dollar amount

select a closing name for section one

$enter a total amount for section one

select an item

enter a dollar amount

select an opening name for section two

select an item

enter a dollar amount

select an item

enter a dollar amount

select an item

enter a dollar amount

select an item

enter a dollar amount

select an item

enter a dollar amount

select a closing name for section two

enter a total amount for section two

select a summarizing line for the first part

enter a total amount for the first part

select between addition and deduction

: select an item

enter a dollar amount

select between addition and deduction

: select an item

enter a dollar amount

select a closing name for this schedule

select an item

$enter a dollar amount

select between addition and deduction

: select an item

enter a dollar amount

select between addition and deduction

: select an item

enter a dollar amount

select a closing name for section one

$enter a total amount for section one

select an item

enter a dollar amount

select an opening name for section two

select an item

enter a dollar amount

select an item

enter a dollar amount

select an item

enter a dollar amount

select an item

enter a dollar amount

select an item

enter a dollar amount

select a closing name for section two

enter a total amount for section two

select a summarizing line for the first part

enter a total amount for the first part

select between addition and deduction

: select an item

enter a dollar amount

select between addition and deduction

: select an item

enter a dollar amount

select a closing name for this schedule

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