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
Raw materials inventory (1/1) ?
Add: Raw materials purchases
Total raw materials available for use ?
Less: Raw materials inventory (12/31) 7,500
Direct materials used $190,000
Direct labor ?
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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