Schedule of Cost of Goods Manufactured
The company reported the following information for the year:
Ending work in process inventory |
$100,000 |
Depreciation on factory building |
32,000 |
Salespersons’ salaries |
27,000 |
Beginning raw materials inventory |
40,000 |
Direct labor |
198,000 |
Factory supervisor’s salary |
56,000 |
Depreciation on company headquarters building |
21,000 |
Beginning work in process inventory |
76,000 |
Ending raw materials inventory |
34,000 |
Indirect labor |
36,000 |
Advertising costs |
50,000 |
Purchases of raw materials |
230,000 |
Prepare a schedule of cost of goods manufactured for the year