The following accounts contain information about January's production for Brotto Bold Industries. Raw Materials Direct Materials Debit Debit 24,785 68,541 17,630 Work In Process Debit Credit 29,856 68,542 44,150 41,174 25,870 Credit Sales Revenue 75,696 157,852 Credit 256,963 256,963 Required: L Prepare a Schedule of Cost of Goods Manufactured. Debit 68,542 Finished Goods Debit 32,585 157,852 15,852 Credit 25,875 11,462 41,337 68,542 Credit 174,585 Selling and Admin Expense Debit Credit Direct Labor Debit Cost of Goods Sold Debit 174,585 174,585 Credit 7,154 34,578 558 39,9 4,1 44,1 Credit Manufacturing Overhead Debit Credit 41,11

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...
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The following accounts contain information about January's production for Brotto Bold Industries.
Raw Materials
Debit
Debit
24,785
68,541
17,630
Work In Process
Debit
Credit
29,856
68,542
44,150
41,174
25,870
Sales Revenue
75,696
Credit
157,852
Credit
256,963
256,963
Direct Materials
Debit
68,542
Finished Goods
Debit
32,585
157,852
15,852
Credit
29,875
11,462
41,337
68,542
Credit
174,585
Selling and Admin Expense
Debit
Credit
Required:
1. Prepare a Schedule of Cost of Goods Manufactured.
as negative values. All other answers should be input and displayed as positive
values.
Direct Labor
Debit
Cost of Goods Sold
Debit
174,585
174,585
Credit
7,154
34,578
558
39,965
4,185
44,150
Credit
Manufacturing Overhead
Debit
Credit
41,174
Transcribed Image Text:The following accounts contain information about January's production for Brotto Bold Industries. Raw Materials Debit Debit 24,785 68,541 17,630 Work In Process Debit Credit 29,856 68,542 44,150 41,174 25,870 Sales Revenue 75,696 Credit 157,852 Credit 256,963 256,963 Direct Materials Debit 68,542 Finished Goods Debit 32,585 157,852 15,852 Credit 29,875 11,462 41,337 68,542 Credit 174,585 Selling and Admin Expense Debit Credit Required: 1. Prepare a Schedule of Cost of Goods Manufactured. as negative values. All other answers should be input and displayed as positive values. Direct Labor Debit Cost of Goods Sold Debit 174,585 174,585 Credit 7,154 34,578 558 39,965 4,185 44,150 Credit Manufacturing Overhead Debit Credit 41,174
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