the product costs for the direct materials, direct labor, and overhead. Then the period costs for selling and admin. Then the totals highlighted in yellow and the total manufacturing costs. also the cost per table

Home Insert Draw Page Layout Formulas Data Review View Lucopy Calibri (tody 11A A | A6 : x x 1 ACCT 301 Week 6 W Costs for 500 tables Ind i scred during the Raw materials a re inte Costurando Sellings Dired later incurred during the period General d e incurred Depredato ry All other factory overhead KATRINA'S TRINKETS Schedule of Cost of Goods Manufactured For the Year Ending December 31, 20X6 Direct materials Beginning raw materials inventory. Jan. 1 $135.000 Plus: Nu purchases of raw materials 620.000 Raw materials available $755.000 Low Ending materials inventory Dec 160 000 Raw materials transferred to production Direct labor Factory overhead Indirect materials $ 15.000 Indirect labor Factory utiles Factory depreciation Factory insurance, maintenance and tas 22,000 Total manufacturing costs Beginning work in process inventory.ler, 1 405.00 Ending work in process inventory Dec 31 Cost of goods manufactured Exercise 1 Exercise 2 Exorci S eries + Calibri (Body 11 A A BIu u avar x Wrap lext Merge & Center Copy Format x manufacturing COATS Total manufacturing costs Beginning work in process inventory, Jan. 1 51,200,000 425,000 $1,625,000 625.000 $1,000,000 Less: Ending work in process inventory, Dec. 31 Cost of goods manufactured SCHEDULE OF COST OF GOODS SOLD The determination of cost of goods sold is made via an examination of changes in finished goods KATRINA'S TRINKETS Schedule of Cost of Goods Sold For the Year Ending December 31, 20X6 Beginning finished goods inventory, Jan. 1 Plus: Cost of goods manufactured from schedule of work in process) Goods available for sale Less: Finished goods inventory, Dec. 31 Cost of goods sold to income statement) $ 250,000 1,000,000 $1,250.000 190.000 $1.060.000 THE STATEMENT INCOME The cost of goods sold number within the income statements taken from the preceding schedules, and is found in the income statement below KATRINA'S TRINKETS Income Statement For the Year Ending December 31, 20X6 Sales $1,980,000 Cost of goods sold 1,060,000 Gross profit $ 920,000 Operating expenses Selling $330.000 General and administrative 270,000 600,000 Net Income $ 320,000 Exercise 1 Freris