COGM - 70,000 Depreciation, factory....

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SCHEDULE OF COST OF GOODS MANUFACTURED Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory. .......... $ 10,000 Add: Purchases of raw materials. ............   200,000     Raw materials available for use. .............. 210,000 Deduct: Ending raw materials inventory. ..     30,000     Raw materials used in production. ........... $180,000 DM Direct labor. ................................................ 270,000 DL Manufacturing overhead: Indirect materials. ..................................... 5,000 Indirect labor. ........................................... 100,000 Utilities, factory. ........................................ 80,000 Property taxes, factory. ............................ 36,000 Insurance, factory. .................................... 9,000 Equipment rental. .....................................
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Unformatted text preview: 70,000 Depreciation, factory. ............................... 120,000 Total overhead costs. ................................. 420,000 MOH Total manufacturing costs. .......................... 870,000 TM C Add: Beginning work in process inventory. . 40,000 910,000 Deduct: Ending work in process inventory. . 60,000 Cost of goods manufactured. ...................... $850,000 Determining Cost of Goods Sold Beginning finished goods inventory. ........... $130,000 Add: Cost of goods manufactured. ............. 850,000 Goods available for sale. ............................ 980,000 Deduct: Ending finished goods inventory. ... 80,000 Cost of goods sold. ..................................... $900,000...
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This note was uploaded on 06/22/2011 for the course ALL 101 taught by Professor Laus during the Spring '11 term at FIU.

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COGM - 70,000 Depreciation, factory....

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