Prepare a schedule of cost of goods manufactured assume all

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The following data from the just completed year are taken from the accounting records of Eccles Company:

   

   Sales $ 643,000  
   Direct labor cost $ 90,000  
   Raw material purchases $ 132,000  
   Selling expenses $ 100,000  
   Administrative expenses $ 43,000  
   Manufacturing overhead applied to work in process $ 210,000  
   Actual manufacturing overhead costs $ 220,000  

       
   Inventories: Beginning
of Year
End of
Year
   Raw materials $ 8,000     $ 10,000   
   Work in process $ 5,000     $ 20,000   
   Finished goods $ 70,000     $ 25,000   

 

Required:
1.

Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.

Reference no: EM13480912

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