Statement of Cost of Goods Manufactured and Cost of Goods Sold
Treetop Corp. makes irrigation sprinkler systems for tree nurseries. Ramsey Roe, Treetop’s new controller, can find only the following partial information for the past year:
|
Oak Division |
Loblolly Division |
Maple Division |
Spruce Division |
|
|
Direct materials used |
$3 |
$ 7 |
$ g |
$ 8 |
|
Total manufacturing costs |
6 |
d |
h |
14 |
|
Overhead |
1 |
3 |
2 |
j |
|
Direct labor |
a |
6 |
4 |
4 |
|
Ending work in process inventory |
b |
3 |
2 |
5 |
|
Cost of goods manufactured |
7 |
20 |
12 |
l |
|
Beginning work in process inventory |
2 |
e |
3 |
k |
|
Ending finished goods inventory |
2 |
6 |
i |
9 |
|
Beginning finished goods inventory |
3 |
f |
5 |
7 |
|
Cost of goods sold |
c |
18 |
13 |
9 |
Using the information given, compute the unknown values. List the accounts in the proper order, and show subtotals and totals as appropriate.