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Thank you! Part 2: Use the information provided below to prepare a schedule of cost of goods manufactured for the current year for Three Z
Thank you!
Part 2: Use the information provided below to prepare a schedule of cost of goods manufactured for the current year for Three Z Company. Advertising Expense $16,000 Depreciation Expense-Office Equipment $4,800 Depreciation Expense-Factory Equipment $15,000 Raw materials purchases (all direct materials) $75,000 Maintenance Expense-Factory Equipment $6,200 Factory Utilities $9,800 Raw materials beg. $6,000 Raw material end $24,000 Direct labor $40,000 Indirect Labor $15,000 Rent Expense-Selling space $6,600 Rent Expense-Factory building $12,500 WIP beg $25,550 WIP end $62,000 Sales $550,000 Finished Goods beg. $41,000 Finished Goods end. $18,000 Step by Step Solution
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