Question
Schedule of Cost of Goods Manufactured The following information is supplied for Maupin Manufacturing Company. Work in process, January 1 $77,000 Materials inventory, January 1
Schedule of Cost of Goods Manufactured
The following information is supplied for Maupin Manufacturing Company.
Work in process, January 1 | $77,000 |
Materials inventory, January 1 | 31,000 |
Materials purchases | 35,000 |
Materials inventory, December 31 | 26,000 |
Direct labor | 48,000 |
Overhead | 20,000 |
Work in process, December 31 | 62,000 |
Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials.
Work in process, January 1, 20-- | $fill in the blank 1 | ||
Direct laborMaterials inventory, December 31, 20--Materials inventory, January 1, 20--Overhead | $- Select - | ||
Materials purchasesOverheadWork in process, December 31, 20--Work in process, January 1, 20-- | - Select - | ||
Materials available for use | $fill in the blank 6 | ||
Materials inventory, December 31, 20--Materials inventory, January 1, 20--Materials purchasesOverhead | - Select - | ||
Cost of materials used | $fill in the blank 9 | ||
Direct laborMaterials inventory, January 1, 20--Materials purchasesWork in process, January 1, 20-- | - Select - | ||
Materials inventory, December 31Materials purchasesOverheadWork in process, December 31, 20-- | - Select - | ||
Total manufacturing costs | fill in the blank 14 | ||
Total work in process during the period | $fill in the blank 15 | ||
Materials inventory, January 1, 20--Materials purchasesOverheadWork in process, December 31, 20-- | - Select - | ||
Cost of goods manufactured |
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