I'm not sure how to get the cost of goods manufactured without having data like rent, utilites and so on... There is a formula but I don't think I'm using the correct numbers. Thanks for your help!
Cost of Goods Manufactured
Direct materials cost
Direct labor cost
Manufacturing overhead cost
Total manufacturing costs
Add: Work in process, beginning
Deduct: Work in process, ending
Cost of goods manufactured
The solution explains how to prepare a schedule of cost of goods manufactured.