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    Statement of cost of goods manufactured.

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    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.

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    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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