Chap1demo - Name: Date: Instructor: Course: Managerial...

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FileName: 4450235bff4b022828d8f01e202d91d67ec7239e.xls, Tab: Chapter 1 Demo, Page 1 of 3, 11/17/2009, 14:00:26 Name: Date: Instructor: Course: Raw materials, 1/1/05 $30,000 Insurance, factory $14,000 Raw materials, 12/31/05 20,000 Property taxes, factory building 6,000 Raw materials purchased 205,000 Sales (net) 1,500,000 Indirect materials 15,000 Delivery expenses 100,000 Work in process, 1/1/05 80,000 Sales commissions 150,000 Work in process, 12/31/05 50,000 Indirect labor 90,000 Finished goods, 1/1/05 110,000 Factory machinery rent 40,000 Finished goods, 12/31/05 120,000 Factory utilities 65,000 Direct labor 350,000 Depreciation, factory building 24,000 Factory manager's salary 35,000 Administration expense 300,000 Instructions: SUPERIOR MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2005 Work in process, 1/1/05 Amount Direct materials Account Amount Account Amount Title Formula Account Amount Account Formula Direct labor Amount Manufacturing overhead Account Amount Account Amount Account Amount Account Amount Account Amount Account Amount Account Amount Account Amount Title Formula Total manufacturing costs Formula Total cost of work in process Formula Account
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This note was uploaded on 11/17/2009 for the course ACC 000 taught by Professor 000 during the Spring '09 term at NC Wesleyan.

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Chap1demo - Name: Date: Instructor: Course: Managerial...

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