Cost accounting excel hw .xlsx

Cost accounting excel hw .xlsx - Cost of goods manufactured...

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Direct materials inventory 124,000 73,000 Work-in-process inventory 173,000 145,000 Finished-goods inventory 240,000 206,000 Purchases of direct materials 262,000 Direct manufacturing labor 217,000 Indirect manufacturing labor 97,000 Plant insurance 9,000 Depreciation—plant, building, and equipment 45,000 Plant utilities 26,000 Repairs and maintenance—plant 12,000 Equipment leasing costs 65,000 Marketing, distribution, and customer-service costs 125,000 General and administrative costs 71,000 Required Prepare a schedule for the cost of goods manufact Revenues (in thousands) for 2017 were $1,300,000 Feb-39 Direct materials cost Beginning inventory, January 1, 2017 $ 124,000.00 Purchases of direct materials $ 262,000.00 Cost of direct materials available for use $ 386,000.00 Ending Inventory, Decemeber 31, 2017 $ 73,000.00 Direct Materials used $ 313,000.00 Direct manufacturing Labor costs $ 217,000.00 Indirect Manufacturing Costs Indirect Manufacturing labor $ 97,000.00 Plant insurance $ 9,000.00 Depreciation- Plant Building & equipment $ 45,000.00 Plant utilities $ 26,000.00 Repairs and maintenance—plant $ 12,000.00 Equipment leasing costs $ 65,000.00 Total Indirect Manufacturing Costs $ 254,000.00 Manufacturing costs incurred during 2017 $ 784,000.00 Add: beginning work-in-process inventory 1/1/17 $ 173,000.00 Total Manufacturing costs to account $ 957,000.00 Deduct: ending work in process inventory 12/31/17 $ 145,000.00 Costs of goods manufactured $ 812,000.00 Cost of goods manufactured, income stateme Carolina CorporationSchedule of Cost of Goods ManufacturedYear Ended December 31, 2017
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tured for 2017. 0. Prepare the income statement for 2017. Revenues Cost of goods sold: Beginning finished goods, January 1, 2017 costs of goods manufactured Cost of goods available for sale Ending finished goods, Decemeber 31, 2017 Cost of goods sold Gross Margin
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  • Fall '18
  • AnnHicks
  • decemeber

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