Cost of goods manufactured Schedule
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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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