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Use the following information to prepare a schedule of cost of goods manufactured Flexco shows the following data related to its December 31, 2021 fiscal
Use the following information to prepare a schedule of cost of goods manufactured Flexco shows the following data related to its December 31, 2021 fiscal year: Raw materials inventory, January 1, 2021 $3,000 Raw materials inventory, December 31, 2021 8,000 Work in process inventory, January 1, 2021 33,000 Work in process inventory, December 31, 2021 21,000 Finished goods inventory, January 1, 2021 16,000 Finished goods inventory, December 31, 2021 10,000 Advertising 66,000 Factory supervisor's salary 42,000 Company president's salary 85,000 Property taxes - factory 25,000 Depreciation factory 35,000 Factory maintenance 7,000 Sales commissions 38,000 Depreciation office 3,000 Utilities expense - factory 23,000 Utilities expense - office 11000 Purchases of raw materials 148,000 Direct labor 160,000 Identify the costs for Schwinn Bike Company Shop supplies. Wages of the plant manager frames Oil used to maintain equipment Wages of employees that fix the bikes Direct Material Direct Labor Factory Overhead AOK Furniture Company-Identify for each the cost. Depreciation on sales office Factory supervisor salary Sales Commissions Fabric used to upholster furniture Cost of delivery drivers Product Cost Period Cost
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