Solution-Prepare a schedule of cost of goods manufactured

Prepare a schedule of cost of goods manufactured

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Reference no: EM13533109

Preparing a statement of cost of goods manufactured

Knight, Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2012:

Inventories:	Beginning		Ending
Materials	$ 56,000		$ 23,000
Work in process	103,000		63,000
Finished goods	41,000		48,000
Other information:
Depreciation: plant building and equipment	$ 16,000	Repairs and maintenance-plant	$ 8,000
Materials purchases	159,000	Indirect labor	32,000
Insurance on plant	22,000	Direct labor	122,000
Sales salaries expense	46,000	Administrative expenses	59,000

Requirements

1. Prepare a schedule of cost of goods manufactured.

2. What is the unit product cost if Knight manufactured 2,160 lamps for the year?

Reference no: EM13533109

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Prepare a schedule of cost of goods manufactured

Reference no: EM13533109

Reference no: EM13533109

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