Rosie Learns

Trial Balance

December 31, 2018

Balance

Account

Debit

Credit

Cash

25,000

Accounts Receivable

190,000

Inventories:

Raw Materials

6,300

Work-in-Process

39,400

Finished Goods

21,300

Property, Plant, and Equipment

270,000

Accumulated Depreciation

71,000

Accounts Payable

129,000

Wages Payable

1,800

Common Stock

138,000

Retained Earnings

212,200

Sales Revenue

0

Cost of Goods Sold

0

Manufacturing Overhead

0

Selling and Administrative Expenses

0

Totals

552,000

552,000

Additional information as of December 31

Raw Materials Inventory subsidiary ledger: $5,000

Indirect materials $1,300

Work-in-Process Inventory subsidiary ledger

Job 114 $39,400

Job 115 $0

Finished Goods Inventory subsidiary ledger:

Rosie V $9,900

Rosie X $11,400

December collections on account $151,000

Selling and administrative expenses incurred and paid $32,000

Payments on account $35,000

Materials purchases on account

Raw Materials $25,500

Indirect materials, $4,100

Materials requisitioned and used in production:

Job 114 $800

Job 115 $7,900

Indirect materials, $1,700

Wages incurred during December $40,000

Labor time records for the month

Job 114, $3,800

Job 115 $18,800

Indirect labor $17,400

Wages paid in December include the balance in Wages Payable at May 31 plus $37,200 of wages incurred during December

Plant and Equipment depreciation $3,100

Manufacturing Overhead (MOH) allocated at the predetermined overhead allocation rate of 50% of direct labor cost.

Jobs completed during the month: Job 114 with 700,000 Roxie V Robots at a total cost of $45,900

Sales on account Job 114 for $114,000

Adjusted for over-allocated or under-allocated manufacturing overhead.

what is the Schedule of cost of Goods Manufacturing statement for the above?