Cost of goods manufactured schedule

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Reference no: EM13917076

An incomplete cost of goods manufactured schedule is presented below.

Complete the cost of goods manufactured schedule for Molina Company.

MOLINA COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2014

Work in process (1/1)

 

 

 

 

 

$212,050

Direct materials

 

 

 

 

 

 

   Raw materials inventory (1/1)

 

$Entry field with correct answer

 

 

 

 

   Add: Raw materials purchases

 

159,810

 

 

 

 

   Total raw materials available for use

 

Entry field with correct answer

 

 

 

 

   Less: Raw materials inventory (12/31)

 

30,040

 

 

 

 

Direct materials used

 

 

 

$199,110

 

 

Direct labor

 

 

 

Entry field with incorrect answer now contains modified data

 

 

Manufacturing overhead

 

 

 

 

 

 

   Indirect labor

 

26,680

 

 

 

 

   Factory depreciation

 

44,600

 

 

 

 

   Factory utilities

 

69,940

 

 

 

 

   Total overhead

 

 

 

141,220

 

 

Total manufacturing costs

 

 

 

 

 

Entry field with incorrect answer

Total cost of work in process

 

 

 

 

 

Entry field with incorrect answer

Less: Work in process (12/31)

 

 

 

 

 

87,730

Cost of goods manufactured

 

 

 

 

 

$539,200

Reference no: EM13917076

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