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Prepare supporting schedule of cost of goods manufactured

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Reference no: EM132993716

Problem 1: Prepare a statement of comprehensive income and supporting schedule of cost of goods manufactured for the year ended December 31, 2022

For Specific Date

Direct materials, January 1, 2022 $15
Work-in-process, January 1, 2022 10
Finished goods, January 1, 2022 70
Direct materials, December 31, 2022 20
Work-in-process, December 31, 2022 5
Finished goods, December 31, 2022 55

For Year 2022

Purchased of direct materials $390
Direct manufacturing labour 21
Depreciation-plant building and equipment 96
Plant supervisory salaries 6
Miscellaneous plant overhead 42
Revenues 1140
Marketing, distribution, and customer service coasts 288
Plant supplies used 12
Plant Utilities 36
Indirect manufacturing labour 60

Reference no: EM132993716

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