ote: Assume all raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials inventory $ 6,200 $ 7,900 Work in process inventory 12,400 9,200 Finished goods inventory 8,900 5,700 Activity during current year Raw materials purchased $ 123,900 Direct labor 94,200 Factory overhead 39,600 QS 14-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $39,600 consists of Indirect labor of $20,200, Depreciation expense—Factory of $15,200, and Factory utilities of $4,200. Compute total manufacturing costs. Prepare a schedule of cost of goods manufactured. Do not give answer in image
ote: Assume all raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials inventory $ 6,200 $ 7,900 Work in process inventory 12,400 9,200 Finished goods inventory 8,900 5,700 Activity during current year Raw materials purchased $ 123,900 Direct labor 94,200 Factory overhead 39,600 QS 14-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $39,600 consists of Indirect labor of $20,200, Depreciation expense—Factory of $15,200, and Factory utilities of $4,200. Compute total manufacturing costs. Prepare a schedule of cost of goods manufactured. Do not give answer in image
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Note: Assume all raw materials were used as direct materials.
Beginning of Year End of Year
Inventories
Raw materials inventory $ 6,200 $ 7,900
Work in process inventory 12,400 9,200
Finished goods inventory 8,900 5,700
Activity during current year
Raw materials purchased $ 123,900
Direct labor 94,200
Factory
QS 14-17 (Algo) Schedule of cost of goods manufactured LO P2
Factory overhead of $39,600 consists of Indirect labor of $20,200,
Compute total manufacturing costs.
Prepare a schedule of cost of goods manufactured.
Do not give answer in image
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