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  • Individual Assignments - Ch. 1 ACC349

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    MADLOCK MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2005 Work in process, (1 / 1) Direct Materials Raw Materials Inventory (1 / 2) $39,500 Add: Raw Materials Purchases 158,000 Total Raw Materials Available For Use 197,500 Less: Raw Materials Inventory (12 / 31) 7,500 Direct Materials Used $190,000 Direct Labor 89,000 Manufacturing Overhead Indirect Labor $18,000 Factory Depreciation 36,000 Factory Utilities

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    MADLOCK MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2005 Work in process, (1 / 1) Direct Materials Raw Materials Inventory (1 / 2) $39,500 Add: Raw Materials Purchases 158,000 Total Raw Materials Available For Use 197,500 Less: Raw Materials Inventory (12 / 31) 7,500 Direct Materials Used $190,000 Direct Labor 89,000 Manufacturing Overhead Indirect Labor $18,000 Factory Depreciation 36,000 Factory Utilities

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    32 views1 page

    Individual Assignments - Ch. 1 ACC349

    Uploaded by

    lovebooks92
    MADLOCK MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2005 Work in process, (1 / 1) Direct Materials Raw Materials Inventory (1 / 2) $39,500 Add: Raw Materials Purchases 158,000 Total Raw Materials Available For Use 197,500 Less: Raw Materials Inventory (12 / 31) 7,500 Direct Materials Used $190,000 Direct Labor 89,000 Manufacturing Overhead Indirect Labor $18,000 Factory Depreciation 36,000 Factory Utilities

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    MADLOCK MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2005 Work

    in process, (1/1) Direct Materials Raw Materials Inventory (1/1) $39,500 Add: Raw Materials Purchases 158,000 Total Raw Materials Available For Use 197,500 Less: Raw Materials Inventory (12/31) 7,500 Direct Materials Used $190,000 Direct Labor 89,000 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 Cost of Goods Manufactured

    $210,000

    401,000 611,000 81,000 $530,000

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