1 cansecocompany scheduleofcostofgoodsmanufactured

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Unformatted text preview: er unit manuf’d (100,000) 0.10 0.08 1.35 } per unit sold (91,000) 2‐35 (30‐40 min.) Cost of goods manufactured. 1. Canseco Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2013 (in thousands) Direct materials costs: Beginning inventory, Jan. 1, 2013 $22,000 Purchases of direct materials 75,000 Cost of direct materials available for use 97,000 Ending inventory, Dec. 31, 2013 26,000 Direct materials used Direct manufacturing labour costs Indirect manufacturing costs: Indirect manufacturing labour costs $15,000 Plant insurance 9,000 Amortization—plant building and equipment 11,000 Repairs and maintenance—plant 4,000 Manufacturing costs incurred during 2013 Add beginning work in process inventory, Jan. 1, 2013 Total manufacturing costs to account for Deduct ending work in process inventory, Dec. 31, 2013 Cost of goods manufactured $71,000 25,000 39,000 135,000 21,000 156,000 20,000 $136,000 3 2. Cans...
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