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The following information is supplied for Lexington Corporation. Work in process, January 1, 20-- $85,000 Materials inventory, January 1, 20-- 47,200 Materials purchases 50,800 Materials
The following information is supplied for Lexington Corporation.
| Work in process, January 1, 20-- | $85,000 |
| Materials inventory, January 1, 20-- | 47,200 |
| Materials purchases | 50,800 |
| Materials inventory, December 31, 20-- | 48,200 |
| Direct labor | 54,700 |
| Factory overhead | 21,000 |
| Work in process, December 31, 20-- | 64,400 |
Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--.
| Work in process, January 1, 20-- | $fill in the blank 1 | ||
| Direct laborFactory overheadMaterials inventory, December 31, 20--Materials inventory, January 1, 20--Wages | $- Select - | ||
| Factory overheadMaterials purchasesWagesWork 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 purchasesOverheadWages | - Select - | ||
| Cost of materials used | $fill in the blank 9 | ||
| Direct laborMaterials inventory, January 1, 20--Materials purchasesSalesWages | - Select - | ||
| Factory overheadMaterials purchasesSalesWagesWork 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 | ||
| Factory overheadMaterials inventory, December 31, 20--Materials inventory, January 1, 20--Materials purchasesWork in process, December 31, 20-- | - Select - | ||
| Cost of goods manufactured | $fill in the blank 18 |
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