Reference no: EM132800508
Question - The following data refer to Twisto Pretzel Company for the year 20x1.
Work-in-process inventory, 12/31/x0 $7,900
Selling and administrative salaries 13,700
Insurance on factory and equipment 3,600
Work-in-process inventory, 12/31/x1 8,300
Finished-goods inventory, 12/31/x0 14,000
Cash balance, 12/31/x1 6,000
Indirect material used 4,600
Depreciation on factory equipment 2,100
Raw-material inventory, 12/31/x0 10,200
Property taxes on factory 2,400
Finished-goods inventory, 12/31/x1 15,200
Purchases of raw material in 20x1 39,000
Utilities for factory 6,000
Utilities for sales and administrative offices 2,500
Other selling and administrative expenses 3,800
Indirect-labor cost incurred 29,000
Depreciation on factory building 3,600
Depreciation on cars used by sales personnel 1,200
Direct-labor cost incurred 79,000
Raw-material inventory, 12/31/x1 11,000
Accounts receivable, 12/31/x1 4,100
Rental for warehouse space to store raw material 3,000
Rental of space for company president's office 1,600
Applied manufacturing overhead 58,000
Sales revenue 205,800
Income tax expense 5,100
Required - Prepare Twisto Pretzel Company's schedule of cost of goods manufactured for 20x1?