Ryder_Company - 120,000 Total overhead costs 420,000 Total...

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SCHEDULE OF COST OF GOODS MANUFACTURED Ryder Company 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 Direct labour .......................................................... 270,000 Manufacturing overhead: Indirect materials ................................................ 5,000 Indirect labour ..................................................... 100,000 Utilities, factory ................................................... 80,000 Property taxes, factory ........................................ 36,000 Insurance, factory ............................................... 9,000 Equipment rental ................................................. 70,000 Depreciation, factory
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Unformatted text preview: .......................................... 120,000 Total overhead costs. ....................................... 420,000 Total manufacturing costs. .............................. 870,000 Add: Beginning work in process inventory. ............. 40,000 910,000 Deduct: Ending work in process inventory. ............. 60,000 Cost of goods manufactured. .................................. $850,000 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 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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