An incomplete cost of goods manufactured schedule is presented below.
|
CEPEDA MANUFACTURING COMPANY |
|||
|
Work in process (1/1) |
$210,000 |
||
|
Direct materials |
|||
|
Raw materials inventory (1/1) |
? |
||
|
Add: Raw materials purchases |
$ |
||
|
Total raw materials available for use |
158,000 |
||
|
Less: Raw materials inventory (12/31) |
? |
||
|
Direct materials used |
12,500 |
||
|
Direct labor |
$190,000 |
||
|
Manufacturing overhead |
? |
||
|
Indirect labor |
$ 18,000 |
||
|
Factory depreciation |
36,000 |
||
|
Factory utilities |
68,000 |
||
|
Total overhead |
122,000 |
||
|
Total manufacturing costs |
? |
||
|
Total cost of work in process |
? |
||
|
Less: Work in process (12/31) |
81,000 |
||
|
Cost of goods manufactured |
$510,000 |
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Instructions
Complete the cost of goods manufactured schedule for Cepeda Manufacturing Company.