Solution-Prepare a schedule of cost of goods manufactured

Prepare a schedule of cost of goods manufactured

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Reference no: EM13533147

Problem continues the Draper Consulting, Inc., situation from Problem 15-35 of Chapter 15. Draper is going to manufacture billing software. During its first month of manufacturing, Draper incurred the following manufacturing costs:

Inventories:	Beginning	Ending
Materials	$ 10,800	$ 10,300
Work in process	0	21,000
Finished goods	0	31,500
Other information:
Direct material purchases	$ 19,000	Utilities for plant	$ 10,000
Plant janitorial services	700	Rent of plant	13,000
Sales salaries expense	5,000	Customer service hotline expense	18,000
Delivery expense	1,700	Direct labor	190,000
Sales revenue	750,000

Requirement

1. Prepare a schedule of cost of goods manufactured for Draper for the month ended January 31, 2014.

Reference no: EM13533147

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Prepare a schedule of cost of goods manufactured

Reference no: EM13533147

Reference no: EM13533147

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