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Shoba Company, a plasticware manufacturing firm, has supplied the following information from its accounting records for the year 2 0 2 3 . Direct labor
Shoba Company, a plasticware manufacturing firm, has supplied the following information from its accounting records for the year
Direct labor cost $
Purchases of direct materials $
Freightin on materials $
Factory supplies used $
Factory utilities $
Commissions paid $
Factory supervision and indirect labor $
Advertising $
Material handling $
Work in process inventory, January $
Work in process inventory, December $
Direct materials inventory, January $
Direct materials inventory, December $
Finished goods inventory, January $
Finished goods inventory, December $
Do not enter dollar signs or commas in the input boxes.
Do not use the negative sign.
a Prepare a cost of goods manufactured statement for December.
Shoba Company
Statement of Cost of Goods Manufactured
For the Month Ending December
Beginning work in process Answer
Direct materials:
Beginning inventory Answer
Purchases Answer
Freightin on materials Answer
Materials available for use Answer
Ending Inventory Answer
Direct materials used in production Answer
Direct labor Answer
Manufacturing overhead:
Material handling Answer
Factory supplies used Answer
Factory utilities Answer
Factory supervision and indirect labor Answer
Total overhead costs Answer
Ending work in process Answer
Cost of goods manufactured Answer
b Calculate cost of goods sold for December.
Cost of goods manufactured Answer
Beginning finished goods inventory Answer
Ending finished goods inventory Answer
Cost of goodssold Answer
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