Schedule of Cost of Goods Manufactured The following information is for Tomas Company: $6,300 4,700 Work in process, July 1, 20-1 Materials inventory, July 1, 20-1 Materials purchases Direct labor 68,000 138,000 Actual factory overhead 86,000 7,600 Work in process, June 30, 20-2 Materials inventory, June 30, 20-2 Indirect materials included in overhead 6,600 4,000 Prepare a schedule of cost of goods manufactured for Tomas Company for the year ended June 30, 20-2. Tomas Company Schedule of Cost of Goods Manufactured For Year Ended June 30, 20-2 Work in process, July 1, 20-1 Direct materials Materials inventory, July 1, 20-1 Materials purchases Materials available Materials inventory, June 30, 20-2 Cost of materials used Less indirect materials included in overhead Cost of direct materials used Direct labor Factory overhead Schedule of Cost of Goods Manufactured For Year Ended June 30, 20-2 Work in process, July 1, 20-1 Direct materials Materials inventory, July 1, 20-1 Materials purchases Materials available Materials inventory, June 30, 20-2 V Cost of materials used Less indirect materials included in overhead Cost of direct materials used Direct labor Factory overhead Total manufacturing costs Total work in process during the period Work in process, June 30, 20-2 Cost of goods manufactured Feedback Check My Work One way to approach this is to think about the increases and decreases in work in process. Beginning WIP + Materials + Labor + Overhead - Ending WIP - Cost of goods manufactured. Use all of the information provided to prepare the schedule. Amount descriptions are provided on subtotals to help select the line items