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Preparation of a Schedule of COGM and COGS and more....

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Please refer to the spreadsheet attached to the question:

1. If Eccles produces 10,000 units what is the unit cost and total cost for direct material and factory rent?
2. Assume that Eccles doubles their production, how will that effect the 2 cost item above?

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Solution Summary

This solution explains how to produce a schedule including cost of goods manufactured (COGM) and cost of goods sold (COGS) and other values.

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** Please see the attached excel file for the complete solution **

Eccles Company
Cost of Goods Manufactured Schedule

Opening Inventory
Raw Materials $8,000.00
Work in Progress $5,000.00
$13,000.00
ADD
Purchases of raw materials $132,000.00
Direct Labor $90,000.00
Indirect Labor $56,300.00
Factory Machinery Depreciation $40,000.00 ...

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