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Sunland Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Sunland's CFO, has present you with the following cost information: Direct Materials Inventory, beginning
Sunland Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Sunland's CFO, has present you with the following cost information: Direct Materials Inventory, beginning $ 81,000 Direct Materials Inventory, ending $ 130,000 Work in Process Inventory, beginning $ 149,000 Work in Process Inventory, ending $ 97,500 Direct labor $ 783,000 Direct materials purchases $ 941,000 Insurance, factory $ 51,000 Depreciation, factory $ 29,500 Depreciation, executive offices $ 12,500 Indirect labor $ 227,000 Utilities, factory $ 17,200 Utilities, executive offices $ 8,900 Property taxes, factory 17,600 Property taxes, executive offices $ 12,100 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens. Sunland Company Schedule of Cost of Goods Manufactured
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