Reference no: EM133502671
Case: Cost of goods manufactured--schedule Rocketzz Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket'zz CFO, has presented you with the following cost information:
Direct Materials Inventory, beginning $64,000
Direct Materials Inventory, ending $47,000
Work in Process Inventory, beginning $28,000
Work in Process Inventory, ending $23,000
Direct labor $156,000
Direct materials purchases $220,000
Insurance, factory $43,000
Depreciation, factory $19,000
Depreciation, executive offices $12,000
Indirect labor $15,000
Utilities, factory $16,000
Utilities, executive offices $7,000
Property taxes, factory $13,000
Property taxes, executive offices $8,000
Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens.
- Needing the visual of a COGS manufactured schedule.