Prepare a cost of goods manufactured schedule for Premium Manufacturing Company for 2022. Premium Manufacturing Company has the following cost and expense data for the year ended December 31, 2022: Insurance-factory $ 14,000 Raw materials, January 1 Raw materials, December 31 Raw materials purchased Indirect materials Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Direct labour Factory manager's $ 30,000 20,000 205,000 Sales (net) 15,000 Delivery expenses building Property taxes - factory bldg. 80,000 Sales commissions 50,000 Indirect Labour 110,000 350,000 120,000 Factory utilities 35.000 Factory machinery rent Depreciation - factory building Administrative 6,000 1,500,000 100,000 150,000 90,000 40,000 65,000 24,000 300.000

Prepare a cost of goods manufactured schedule for Premium Manufacturing Company for 2022. Premium Manufacturing Company has the following cost and expense data for the year ended December 31, 2022: Insurance-factory $ 14,000 Raw materials, January 1 Raw materials, December 31 Raw materials purchased Indirect materials Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Direct labour Factory manager's $ 30,000 20,000 205,000 Sales (net) 15,000 Delivery expenses building Property taxes - factory bldg. 80,000 Sales commissions 50,000 Indirect Labour 110,000 350,000 120,000 Factory utilities 35.000 Factory machinery rent Depreciation - factory building Administrative 6,000 1,500,000 100,000 150,000 90,000 40,000 65,000 24,000 300.000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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