Question
The following information was taken from the accounting records of Dunbar Mifflin Company in 2018. Beginning of 2018 Ending of 2018 Direct materials inventory 135,000
The following information was taken from the accounting records of Dunbar Mifflin Company in 2018.
Beginning of 2018 | Ending of 2018 | |
Direct materials inventory | 135,000 | 83,000 |
Work-in-process inventory | 185,000 | 154,000 |
Finished-goods inventory | 255,000 | 216,000 |
Purchases of direct materials | 270,000 | |
Direct manufacturing labor | 225,000 | |
Indirect manufacturing labor | 103,000 | |
Plant insurance | 11,000 | |
Depreciation-plant, building, and equipment | 48,000 | |
Plant utilities | 29,500 | |
Repairs and maintenance-plant | 13,500 | |
Equipment leasing costs | 66,800 | |
Marketing, distribution, and customer-service costs | 129,500 | |
General and administrative costs | 72,500 |
Required:
1) Prepare a schedule of cost of goods manufactured.
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