4 Accounting Questions

4 Accounting Questions - EXERCISE 5-16 (a) CHAMBERLIN...

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Unformatted text preview: EXERCISE 5-16 (a) CHAMBERLIN MANUFACTURING Cost of Goods Manufactured Schedule For the Month Ended June 30, 2008 Work in process inventory, June 1...................................... $5,000 Direct Materials Raw materials inventory, June 1.................................... $9,000 Raw materials purchases................................................ 54,000 Total raw materials available for use............................. 63,000 Less: Raw materials inventory, June 30........................ 13,100 Direct materials used...................................................... 49,900 Direct labor........................................................................... 57,000 Manufacturing overhead Indirect labor................................................................... $5,500 Factory insurance............................................................ 4,000 Machinery depreciation.................................................. 4,000 Factory utilities................................................................ 3,100 Machinery repairs........................................................... 1,800 Miscellaneous factory costs............................................ 1,500 Total manufacturing overhead.................................. 19,900 Total manufacturing costs...................................................Total manufacturing costs....
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4 Accounting Questions - EXERCISE 5-16 (a) CHAMBERLIN...

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