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The following information is available for Sappy's Surgical Shears for the fiscal year ending December 31, 20XX.
Beginning balance in Finished Goods $ 17,000Ending balance in Finished Goods 15,200Beginning balance in Work in Process 2,500Ending balance in Work in Process 1,836Selling expenses 123,000General and administrative expenses 89,000Direct material cost 54,500Direct labor cost 66,000Manufacturing overhead 21,400Sales 385,000
Prepare a schedule of cost of goods manufactured.
Shock Electronics sells portable heaters for 25 dollar per unit, and the variable cost to produce them is $17. Mr. Amps estimates that the fixed expenses are $96,000.
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