Use the information provided below to prepare the Cost of Good Manufactured Schedule:Bravo had the following costs as of Dec 31, 2010. Enter the correct values in the Green shaded cells.
Table C
Materials used in baking bread ?
Factory Supervisor Salaries 20,000
Bakers wages $32,000
Rent for Executive Offices 36,000
Sales Commissions 10000
Utilities used in the factory 5000
Advertising costs 12000
Delivery truck costs 25000
Depreciation on bake ovens 500
Interest on bank loan 250
Beginning Inventory Materials 10,000
Beginning Work in Process 8000
Ending Inventory Materials 4000
Inventory Purchases 26000
Ending Work in Process 2500
Other Overhead costs 1200
Beginning Finished Goods Inventory 7500
Ending Finished Goods Inventory 6000
Rent for Factory 7500
Cost of Goods Manufactured Schedule
Beginning Work In Process ?
Materials ?
Beginning Inventory Materials ?
Plus: Purchases ?
Materials Available ?
Less: Ending Inventory Materials ?
Materials Used ?
Direct Labor ?
Overhead
Factory Rent ?
Depreciation on bake ovens ?
Utilities used in Factory ?
Other Overhead costs ?
Total Overhead ?
Total Manufacturing Costs ?
Total Work in Process ?
Less: Ending Work in Process ?
Cost of Goods Manufactured ?
Goods Available for Sale ?
Less: Ending Finished Goods Inventory ?
Cost of Goods Sold Schedule ?