Solution C2-22 - Income Statement 1 Manufacturing costs Raw material at the beginning Purchase of raw materials Raw materials availbe for use Raw

Solution C2-22 - Income Statement 1 Manufacturing costs Raw...

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Income Statement 1 Manufacturing costs Raw material at the beginning 0 Purchase of raw materials 360000 Raw materials availbe for use 360000 Raw material at the end 10000 Raw material used 350000 Direct labor 70000 Manufacturing overheads: Maintenance, production 43000 Indirect labor costs 120000 Cleaning supplies, production 7000 Rental costs facilities 60000 Insurance, production 8000 Utilities 72000 Depreciation , prod equipment 100000 Total MO 410000 Total manufacturing costs 830000 add Work in process at the beginning 0 Subtotal 830000 deduct Work in process at the end 50000 cost Cost of goods manufactured 780000 COGM per unit Schedule of cost of good sold units
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