The following information is available for Sappy’s Surgical Shears for the fiscal year ending December 31, 20XX.
|
Beginning balance in Finished Goods |
$17,000 |
|
Ending balance in Finished Goods |
15,200 |
|
Beginning balance in work in process |
2,500 |
|
Ending balance in work in process |
1,836 |
|
Selling expenses |
123,000 |
|
General and administrative expenses |
89,000 |
|
Direct material cost |
54,500 |
|
Direct labor cost |
66,000 |
|
Manufacturing overhead |
21,400 |
|
Sales |
385,000 |
Prepare a schedule of cost of goods manufactured.