Use the information below for the year ended December 31, 20xx, to prepare the statement of cost of goods manufactured.
Inventories Beginning Ending
Materials inventory $41,000 $ 51,000
Work in process inventory 62,000 78,000
Direct materials purchased 258,000
Total direct labor costs 372,000
Total indirect labor costs 67,000
Utilities 41,000
Depreciation 54,000
Small tools 5,000
Factory insurance 3,000
Factory supervision 66,000
Miscellaneous overhead costs 11,000Please see the attached document.
Use the information below for the year ended December 31, 20xx, to prepare the statement of cost of goods manufactured.
Inventories Beginning Ending
Materials inventory $41,000 $ 51,000
Work in process inventory 62,000 78,000
Direct materials purchased 258,000
Total direct labor costs 372,000
Total ...
Solution Summary
Response provides steps to prepare the statement of cost of goods manufactured.
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