Question
Work in process (1/1) $210.000 Direct materials Raw materials inventory (1/1) $ ? Add; Raw materials purchases 158,000 Total raw materials available for use ?
Work in process (1/1) $210.000
Direct materials
Raw materials inventory (1/1) $ ?
Add; Raw materials purchases 158,000
Total raw materials available for use ?
Less; Raw materials inventory(12/31) 22,500
Direct materials used $ 180,000
Direct labor ?
Manufacturing overhead 18,000
Indirect labor 36,000
Factory depreciation 68,000
Factory utilities 122,000
Total overhead ?
Total manufacturing costs ?
Total cost of work in process 81,000
Less: Work in process (12/31) $540,000
Cost of goods manufactured
Instructions
Complete the cost of goods manufactured schedule for Hobbit Company.
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