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    Delivery Service and Period Costs

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    Determine the total amount of (a) delivery service (product) costs and (b) period costs.

    An incomplete cost of goods manufactured schedule is presented below.

    Madlock Manufacturing Company
    Cost of Goods Manufactured Schedule
    For the Year Ended December 31, 2005
    Work in process (1/1) $210,000
    Direct materials
    Raw materials inventory (1/1) ?
    Add: Raw materials purchases
    $ 158,000
    Total raw materials available for use ?
    Less: Raw materials inventory (12/31) 7,500
    Direct materials used $190,000
    Direct labor ?
    Manufacturing overhead
    Indirect labor $ 18,000
    Factory depreciation 36,000
    Factory utilities 68,000
    Total overhead 122,000
    Total manufacturing costs ?
    Total cost of work in process ?
    Less: Work in process (12/31) 81,000
    Cost of goods manufactured $530,000

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    Solution Summary

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