Chapter_2_part_one - Exercise29(30minutes 1 EcclesCompany...

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Exercise 2-9  (30 minutes) 1. Eccles Company Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning. ............ $   8,000 Add: Purchases of raw materials. ................   132,000     Raw materials available for use. .................. 140,000 Deduct: Raw materials inventory, ending. ....       10,000     Raw materials used in production. ............... $130,000 Direct labor. .................................................... 90,000 Manufacturing overhead: Rent, factory building. .................................. 80,000 Indirect labor. ............................................... 56,300 Utilities, factory. ............................................ 9,000 Maintenance, factory equipment. ................. 24,000 Supplies, factory. ......................................... 700 Depreciation, factory equipment. .................       40,000     Total manufacturing overhead costs. ...........   210,000
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Chapter_2_part_one - Exercise29(30minutes 1 EcclesCompany...

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