Exercise E1-7 & Ethics Case BYP 1-7

Exercise E1-7 & Ethics Case BYP 1-7 - E1-7 An...

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MADLOCK MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2005 Work in process (1/1) Direct materials Raw materials inventory (1/1) $39,500 Add: Raw materials purchases 158,000 Total raw materials available for use 197,500 Less: Raw materials inventory (12/31) 7,500 Direct materials used $190,000 Direct labor -73,000 Manufacturing overhead Indirect labor $18,000 Factory depreciation 36,000 Factory utilities 68,000 Total overhead 122,000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured Instructions Complete the cost of goods manufactured schedule for Madlock Manufacturing Com E1-7 An incomplete cost of goods manufactured schedule is presented below.
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$210,000 239,000 449,000 81,000 $530,000 pany.
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BYP 1-7 Wayne Terrago, controller for Robbin Industries, was reviewing production cost reports for the year. One amount in these reports continued to bother him—advertising. During the year, the company had instituted an expensive advertising campaign to sell
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This note was uploaded on 10/10/2010 for the course ACC ACC 349 taught by Professor Costaccting during the Spring '10 term at DeVry Irvine.

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Exercise E1-7 & Ethics Case BYP 1-7 - E1-7 An...

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