Reference no: EM132656629
Question - An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Sarasota Company.
SARASOTA COMPANY Cost of Goods Manufactured Schedule
Work in process (1/1) $213,100
Direct materials Raw materials inventory (1/1)
Add: Raw materials purchases 165,650
Total raw materials available for use
Less: Raw materials inventory (12/31) 26,990
Direct materials used $189,070
Direct labor Manufacturing overhead Indirect labor 27,550
Factory depreciation 37,060
Factory utilities 71,560
Total overhead 136,170
Total manufacturing costs Total cost of work in process Less: Work in process (12/31) 88,960
Cost of goods manufactured $547,060
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