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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 | $ | 87,000 | |||
Direct Materials Inventory, ending | $ | 124,000 | |||
Work in Process Inventory, beginning | $ | 174,000 | |||
Work in Process Inventory, ending | $ | 96,000 | |||
Direct labor | $ | 765,000 | |||
Direct materials purchases | $ | 974,000 | |||
Insurance, factory | $ | 54,900 | |||
Depreciation, factory | $ | 28,300 | |||
Depreciation, executive offices | $ | 10,200 | |||
Indirect labor | $ | 233,000 | |||
Utilities, factory | $ | 15,600 | |||
Utilities, executive offices | $ | 8,500 | |||
Property taxes, factory | $ | 18,800 | |||
Property taxes, executive offices | $ | 15,400 |
Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens.
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