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Vaughn Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Vaughn's CFO, has presented you with the following cost information Direct Materials Inventory, beginning
Vaughn Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Vaughn's CFO, has presented you with the following cost information Direct Materials Inventory, beginning 84,000 Direct Materials Inventory, ending $122,000 Work in Process Inventory, beginning $177,000 Work in Process Inventory, ending $97,700 Direct labor Direct materials purchases Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices 782,000 $944,000 $59,900 27,500 $ 13,000 $210,000 $ 18,800 $ 8,300 $ 20,000 $ 18,800 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens. Vaughn Company Schedule of Cost of Goods Manufactured
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