Acc221hw1 - 1/29/09 Cost of Accounting Case Study #1...

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1/29/09 Cost of Accounting Case Study #1 Mitchell Manufacturing Schedule of Cost of Goods Manufactured For the first Quarter 2009 Direct Materials: $ Raw Materials Inventory, Beginning 404,400    Add: Purchases of Raw Materials 216,450 Raw Materials Available for Use 620,450 Deduct: Raw Materials Inventory, Ending (382,000) Direct Materials Used in Manufacturing 238,450 Direct Labor 797,220 Manufacturing Overhead: Glue and supplies used 9,000 Maintenance of factory 65,580 Depreciation of factory 10,000 Rental of factory equipment 5,000 Utilities, factory 19,100 Property taxes, factory 10,000 Factory insurance 16,400 Total Overhead Costs 195,080 Total Manufacturing Costs
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This note was uploaded on 09/30/2009 for the course MISCELLANE 123 taught by Professor Torres during the Spring '09 term at Rochester.

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Acc221hw1 - 1/29/09 Cost of Accounting Case Study #1...

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