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Prepare the schedule of cost of goods manufactured

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Reference no: EM132943950

Question - Potter Corporation provided the following information for the year 2020:

Beginning Balance Work-in-Process Inventory $30,000

Ending Balance Work-in-Process Inventory 45,000

Beginning Balance Raw Materials Inventory 95,000

Ending Balance Raw Materials Inventory 80,000

Purchases Raw Materials 385,000

Direct Labor 500,000

Indirect Materials 50,000

Indirect Labor 20,000

Depreciation on Factory Plant & Equipment 25,000

Plant Utilities & Insurance 250,00

Required - Prepare the schedule of cost of goods manufactured for the year 2020?

Reference no: EM132943950

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