Calculate cost of goods manufactured

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Calculate Cost of Goods Manufactured and prepare a schedule to support your calculations based upon the following information for Example Manufacturing, Inc. for January 2012. (See slide 13 of S-V for an example of a schedule):

Depreciation on retail store equipment

$ 2500

Depreciation on factory equipment

4,000

Direct labor used

58,000

Direct materials used

40,000

Factory maintenance

4,800

Finished goods balance, January 1

1,600

Finished goods balance, January 31

1,400

Indirect materials used 

1,600

President's salary

8,000

Rent on the factory building 

1,200

Sales commissions 

3,200

Utilities for factory activities

550

Work in Process balance January 1

5,000

Work in Process balance January 31

4,600

 

 

Reference no: EM13496517

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