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    Cost of goods manufactured Schedule

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    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

    The solution finds the missing amounts for MADLOCK MANUFACTURING COMPANY in their Cost of goods manufactured schedule.