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    Schedule of cost of goods manufactured

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    Preparation of a schedule of costo goods Manufactured and cost goods sold.

    The following cost and inventory data for the just completed year are taken from the accounting records of eccfles company:

    Cost incurred:

    Advertising Expense:..............................$100,000
    Direct labor cost.....................................$90,000
    Puchases of raw materials.......................$132,000
    Rent, factory building..............................$80,000
    Indirect labor.........................................$56,300
    Sales commissions.................................$35,000
    Utilities, factory......................................$9,000
    Maintenance, Factory equipment..............$24,000
    Supplies, Factory...................................$700
    Depreciation, office equipment ...............$8,000
    Depreciation, factory equipment..............$40,000

    beginning end
    of year year

    Inventories:
    Raw materials $8,000 $10,000
    Work in Process $5,000 $20,000
    finished good $70,000 $25,000

    1. Prepare a schedule of cost of goods manufactured
    2. Prepare the cost of goods sold section of eccles company's income statement for te year

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    https://brainmass.com/business/management-accounting/64290

    Solution Preview

    Preparation of a schedule of costo goods Manufactured and cost goods sold.

    The following cost and inventory data for the just completed year are taken from the accounting records of eccfles company:

    Cost incurred:

    Advertising Expense:..............................$100,000
    Direct labor cost.....................................$90,000
    Puchases of raw ...

    Solution Summary

    This provide the steps to compute the schedule of cost of goods manufactured

    $2.19

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