An incomplete cost of goods manufactured schedule is presented below.
Toss And Wilson 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
Complete the cost of goods manufactured schedule for Toss and Wilson Manufacturing Company.
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