Simply Sweets has provided the following relating to the most recent month (August 31, 2020) of operations, for their main product, cookies. Baker's salary 3,000 Finished goods inventory, beginning 1,000 Finished goods inventory, ending 3,000 General & administrative expenses 3,500 Indirect materials 500 Production Supervisor, Salary 4,000 Purchases of raw materials 11,000 Raw materials inventory, ending 2,000 Raw materials inventory, beginning 1,000 Rent on production factory 2,000 Rent, retail store 1,000 Sales 40,000 Utilities on production factory 500 Utilities, retail store 500 Wages, retail staff 3,000 WIP inventory, beginning 2,500 WIP inventory, ending 4,500   Required:   Prepare a schedule of cost of goods manufactured in good format Calculate the cost of goods sold

At the end of 2019, Window Manufacturing held a meeting with the plant managers. At the meeting, he then gives several analyses, each department provided the following data: 1. Ending inventory of finished goods was $217,435 = 33,341 units 2. Costs of units produced $1,323,520 = 398,000 units 3. Cost Starting Inventory Finished Products $193,963 = 20,000 units Using the information provided above, they should prepare a Cost of Sales Statement.

At May 31, 2020, the accounts of Sheffield Company show the following. 1.   May 1 inventories—finished goods $ 14,800, work in process $ 17,600, and raw materials $ 8,600. 2.   May 31 inventories—finished goods $ 9,600, work in process $ 17,000, and raw materials $ 8,000. 3.   Increases to work in process were direct materials $ 64,300, direct labor $ 51,400, and manufacturing overhead applied $ 42,100. 4.   Sales revenue totaled $ 217,000. (a)     Prepare a condensed cost of goods manufactured schedule for May 2020. SHEFFIELD COMPANYCost of Goods Manufactured Schedulechoose the accounting periodchoose the accounting period   select an opening section nameselect an opening section name         $ enter a dollar amountenter a dollar amount select an account titleselect an account title     $ enter a dollar amountenter a dollar amount     select an account titleselect an account title     enter a dollar amountenter a dollar amount…

Cullumber Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1, 2022, the general ledger for Cullumber Inc. contains the following data. Raw Materials Inventory   $4,600   Manufacturing Overhead Applied   $35,500 Work in Process Inventory   $5,900   Manufacturing Overhead Incurred   $30,000 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets     Customer Job Cost Element   Rodgers   Stevens   Linton Direct materials   $600   $700   $1,000 Direct labor   300   600   700 Manufacturing overhead   375   750   875     $1,275   $2,050   $2,575 During June, raw materials purchased on account were $4,900, and $4,600 of factory wages were paid. Additional overhead costs consisted of depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account.A…

Debco limited is a leading manufacturer of tables in the area. The following information was extracted from the books for the current period which 800 tables were produced, Prepare a manufacturing account for Debco limited for the period ending May 31,201. Also calculate the production cost per unit of tables and the total cost per unit to produce tables. Work in progress inventory, beginning of year $32,400 Raw materials inventory, beginning of year $42,000 Finished goods inventory, beginning of year $90,000 Sale $1376400 Indirect labour $80,000 Sale commission expense $165,168 raw materials purchased (net) $441,600 carriage on raw materials $5,000 rent of plant  $20640 advertising expense $30,000 factory supplies used $41,400 Depreciation - Office equipment $59,400 Direct labour $236,400 Plant utilities- electricity and water rates $16,440 administrative office salaries $188,640 insurance on plant $10920