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Direct Material: (Part A Answer)
Direct Material: (Part A Answer)
Emprie Company
Cost of Goods Manufactured Schedule
31st October,2017
Work in Process 1 October
Direct Material
Manufactruing Overhead
Factory Facility Rent $60,000
Depreciation on Equipment 31,000
Indirect Labor 28,000
Factory Utilities 75% 9,000
Insurance Expense 60% 4,800
Total Manufacturing Overhead 132,800
Total Manufacturing Costs
Total Work in Process
Work in Process 31 October
Cost of Goods Manufactured
b)
Emprie Company
Income Statement
31st October,2017
Sales Revenue
Cost og Goods Sold
Finished Goods Inventory 1 October $30,000
Cost of Goods Manufactured (Part a answer) 581,800
Cost of Goods Available for Sales 611,800
Finished Goods Inventory 31 October 50,000
Cost of Goods Sold
Gross Profit
575,800
595,800
14,000
$581,800
$780,000
561,800
218,200
216,200
2,000