Total raw materials available foruseLess: Raw materials inventory(12/31)Direct materials usedDirect laborManufacturing overheadIndirect laborFactory depreciationFactory utilitiesTotal overheadTotal manufacturing costsTotal cost of work in processLess: Work in process (12/31)Cost of goods manufactured22,66024,79039,27077,660$186,990141,720483,530$544,530 Work in process (1/1)Direct materialsRaw materials inventory (1/1)Add:Raw materials purchasesTotal raw materials available foruseLess: Raw materials inventory(12/31)Direct materials usedDirect laborManufacturing overheadIndirect laborFactory depreciationFactory utilitiesTotal overheadTotal manufacturing costsHOBBIT COMPANYCost of Goods Manufactured Schedule165,18022,66024,79039,27077.660$186,990141,720$213,960

Lets understand the basics. Cost of goods manufactured schedule is a schedule which shows how much…

Answered: Total raw materials available for ise…

Total raw materials available for ise Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation 22,660 24,790 00070 $186,990

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 12MC: In a job order cost system, raw materials purchased are debited to which account? A. raw materials...

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Question

Total raw materials available for
use
Less: Raw materials inventory
(12/31)
Direct materials used
Direct labor
Manufacturing overhead
Indirect labor
Factory depreciation
Factory utilities
Total overhead
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31)
Cost of goods manufactured
22,660
24,790
39,270
77,660
$186,990
141,720
4
83,530
$544,530

Work in process (1/1)
Direct materials
Raw materials inventory (1/1)
Add:
Raw materials purchases
Total raw materials available for
use
Less: Raw materials inventory
(12/31)
Direct materials used
Direct labor
Manufacturing overhead
Indirect labor
Factory depreciation
Factory utilities
Total overhead
Total manufacturing costs
HOBBIT COMPANY
Cost of Goods Manufactured Schedule
165,180
22,660
24,790
39,270
77.660
$186,990
141,720
$213,960

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