Solution-Prepare a cost of goods manufactured schedule for

Prepare a cost of goods manufactured schedule for quarter

Reference no: EM131820257

Efficient Manufacturing LLC had the following account balances for the quarter ending Dec 31st 2011, unless otherwise noted:

Work-in-process inventory (1st Oct, 2011)	28,080
Work-in-process inventory (31st Dec, 2011)	34,200
Finished goods inventory (1st Oct, 2011)	108,000
Finished goods inventory (31st Dec, 2011)	102,000
Direct materials used	75,600
Indirect materials used	16,800
Direct manufacturing labor	96,000
Indirect manufacturing labor	37,200
Property taxes	5,760
Salespersons' company vehicle costs	2,400
Depreciation of manufacturing equipment	52,800
Depreciation of office equipment	24,720
Miscellaneous plant overhead	27,000
Plant utilities	18,480
General office expenses	61,080
Marketing distribution costs	6,000

Required:

a. Prepare a cost of goods manufactured schedule for the quarter.

b. Prepare a cost of goods sold schedule for the quarter.

Reference no: EM131820257

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Prepare a cost of goods manufactured schedule for quarter

Reference no: EM131820257

Reference no: EM131820257

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