Inventories Materials Work in process Finished goods Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory January 1 December 31 $335,730 $416,310 604,310 566,180 580,810 578,670 $282,670 39.970 53,700 641,120 21,230 74,940 628,630 219,400 17,490 36,220 29,560 2,943,310 361,360 14,570 9,160 Required: 1. Prepare the statement of cost of goods manufactured.

Inventories Materials Work in process Finished goods Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory January 1 December 31 $335,730 $416,310 604,310 566,180 580,810 578,670 $282,670 39.970 53,700 641,120 21,230 74,940 628,630 219,400 17,490 36,220 29,560 2,943,310 361,360 14,570 9,160 Required: 1. Prepare the statement of cost of goods manufactured.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 12EA: Assign each of the following expenses to either the machine setup cost pool or the factory cost...

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