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Use the information provided below to prepare the Cost of Good Manufactured Schedule:Bravo had the following costs as of Dec 31, 2010. Enter the correct values in the Green shaded cells.
Table CMaterials used in baking bread ?Factory Supervisor Salaries 20,000Bakers wages $32,000Rent for Executive Offices 36,000Sales Commissions 10000Utilities used in the factory 5000Advertising costs 12000Delivery truck costs 25000Depreciation on bake ovens 500Interest on bank loan 250Beginning Inventory Materials 10,000Beginning Work in Process 8000Ending Inventory Materials 4000Inventory Purchases 26000Ending Work in Process 2500Other Overhead costs 1200Beginning Finished Goods Inventory 7500Ending Finished Goods Inventory 6000Rent for Factory 7500
Cost of Goods Manufactured ScheduleBeginning Work In Process ?Materials ?Beginning Inventory Materials ?Plus: Purchases ?Materials Available ?Less: Ending Inventory Materials ?Materials Used ?Direct Labor ?OverheadFactory Rent ?Depreciation on bake ovens ?Utilities used in Factory ?Other Overhead costs ?Total Overhead ?Total Manufacturing Costs ?Total Work in Process ?Less: Ending Work in Process ?Cost of Goods Manufactured ?Goods Available for Sale ?Less: Ending Finished Goods Inventory ?Cost of Goods Sold Schedule ?
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