Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 14, 2024

The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2014. Raw Materials Inventory 7/1/13 $ 53,510

The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2014.

Raw Materials Inventory 7/1/13 $ 53,510 Factory Insurance $ 5,060

Raw Materials Inventory 6/30/14 43,480 Factory Machinery Depreciation 16,970

Finished Goods Inventory 7/1/13 97,120 Factory Utilities 29,310

Finished Goods Inventory 6/30/14 98,890 Office Utilities Expense 9,250

Work in Process Inventory 7/1/13 21,510 Sales Revenue 561,630

Work in Process Inventory 6/30/14 22,800 Sales Discounts 4,710

Direct Labor 142,020 Plant Managers Salary 62,300

Indirect Labor 26,190 Factory Property Taxes 9,610

Accounts Receivable 33,320 Factory Repairs 2,350

Raw Materials Purchases 97,520

Cash 35,010

(a)Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

CLARKSON COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2014

Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014 $

Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014 $

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

AddLess: Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014 $

Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014

Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014

Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014

Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014

Add Less : Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014

Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

18th edition

1292162406, 978-1292162409

More Books

Students also viewed these Accounting questions

Question

★★★★★

Suppose that on January 1, the cost of borrowing French francs for the year is 18%. During the year, U.S. inflation is 5%, and French inflation is 9%. At the same time, the exchange rate changes from...

Answered: 1 week ago

Question

★★★★★

Why are retrospective studies and casecontrol studies observational studies?

Answered: 1 week ago

Question

★★★★★

1. Focus on one learning strategy at a time. Ask families to simply remind their children to use a particular strategy with homework that week.

Answered: 1 week ago

Question

★★★★★

1. In several countries of Africa, a common size for a Coke can is 340 milliliters (mL). Because of the variability of bottling machinery, it is likely that every 340-mL bottle of Coca-Cola does not...

Answered: 1 week ago

Question

★★★★★

Show formulation ( including factors ) / calculations. Answers should be given to nearest cent for $ amounts, and to 2 decimal points for % ( e . g . , 9 . 1 8 % ) and 4 decimal places for any other...

Answered: 1 week ago

Question

★★★★★

Keynesians believe that the tools (G, T and MS) should be used to try to help the economy. Should we? Why or why not?

Answered: 1 week ago

Question

★★★★★

Assessment Task: Prepare a report on diversity management Suppose you are working as a manager in 'Food Fun' restaurant where number of employees are working, belonging to different backgrounds and...

Answered: 1 week ago

Question

★★★★★

Management & Leadership : managerial process, empirical, human behaviors (Maslow's hierarchy and McGregor's X & Y theories), social school, quantitative, systems, contingency, trait, power &...

Answered: 1 week ago

Question

★★★★★

one busy afternoon, Kit, a barista, received a call from a customer. The customer complained that his drink had a hard, round, white piece of plastic. The customer was mad because he had almost...

Answered: 1 week ago

Question

★★★★★

Describe the significance of the following inputs, activities, and outputs to the Architecture Definition Process. Refer to the reading material to provide an educated response. Quote or cite sources...

Answered: 1 week ago

Question

★★★★★

Identify the central norms and values you feel characterize the culture in the organization. These factors should be the core values or beliefs that in the experience characterize the way the culture...

Answered: 1 week ago

Question

★★★★★

I have come today to engage in a huge online gaming community and I'm here to win. I am quite excited about augmented reality. You know because our actual reality is so lame - maybe just me. The game...

Answered: 1 week ago

Question

★★★★★

An action plan is prepared.

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: personal change competence, personal achievements, personal benchmarking, personal motivation strategy, personal mastery...

Answered: 1 week ago

Question

★★★★★

The tools are structured and for improving the individuals communication skills.

Answered: 1 week ago

Previous Question Next Question

CLARKSON COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2014
Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014	$
Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014	$
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
AddLess: Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014	$
Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014
Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2013Raw Materials Inventory, June 30, 2014Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process, July 1, 2013Work in Process, June 30, 2014
Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014
Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014
Add Less : Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014
Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Labor Manufacturing Overhead Plant Managers Salary Raw Materials Inventory, July 1, 2013 Raw Materials Inventory, June 30, 2014 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process, July 1, 2013 Work in Process, June 30, 2014	$