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Question - The following information was taken from the accounting records of Dunbar Mifflin Company in 2018.
Beginning of 2018
Ending of 2018
Direct materials inventory
135,000
83,000
Work-in-process inventory
185,000
154,000
Finished-goods inventory
255,000
216,000
Purchases of direct materials
270,000
Direct manufacturing labor
225,000
Indirect manufacturing labor
103,000
Plant insurance
11,000
Depreciation-plant, building, and equipment
48,000
Plant utilities
29,500
Repairs and maintenance-plant
13,500
Equipment leasing costs
66,800
Marketing, distribution, and customer-service costs
129,500
General and administrative costs
72,500
Required - Prepare a schedule of cost of goods manufactured.
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