Schedule of Cost of Goods Manufactured and Sold

The following amounts are available for the year for Bourne Manufacturing Company:

Administrative salaries $($non$-$factory$)$ $$140,000$

Administrative rent $($non$-$factory$)70,000$

Advertising and promotion expense $82,000$

Depreciation$-$administrative $44,000$

Depreciation$-$factory $60,000$

Depreciation$-$selling $34,000$

Direct labor $350,000$

Factory rent $36,000$

Factory supplies used $24,000$

Finished goods inventory $($January $1)114,000$

Finished goods inventory $($December $31)104,000$

Indirect material used $28,000$

Indirect labor $38,000$

Materials inventory $($January $1)26,000$

Materials inventory $($December $31)40,000$

Net delivered cost of materials purchased $276,000$

Other factory overhead $52,000$

Sales $1,690,000$

Sales salaries expense $144,000$

Work in process inventory $($January $1)36,000$

Work in process inventory $($ December $31)62,000$

Using the above data, prepare a schedule of cost of goods manufactured and sold.

Do not use negative signs with any of your answers.

Bourne Manufacturing Company

Schedule of Cost of Goods Manufactured and Sold

For the Year Ended December $31$

Direct material:

Beginning materials inventory Answer

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Answer

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Cost of material available Answer

$0$

Less: Answer

Answer

$0$

Total materials used Answer

$0$

Less: Answer

Answer

$0$

Direct material used Answer

$0$

Direct labor Answer

$0$

Manufacturing overhead

Indirect material Answer

$0$

Indirect labor Answer

$0$

Factory supplies used Answer

$0$

Factory depreciation Answer

$0$

Factory rent Answer

$0$

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$0$

Total manufacturing overhead Answer

$0$

Total manufacturing costs for the year Answer

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Add: Answer

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$0$

Total cost of work in process during the year Answer

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$0$

Cost of goods manufactured Answer

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Add: Answer

Answer

$0$

Cost of goods available for sale Answer

$0$

Less: Answer

Answer

$0$

Cost of goods sold Answer

$0$