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Problem Set A p. 59 P2-1A. Schedule of Cost of Goods Manufactured and Sold The Following...

Problem Set A p. 59

P2-1A. Schedule of Cost of Goods Manufactured and Sold The Following amounts are available for 2019 for Bourne Manufacturing Company:

Administrative salaries (non-factory)…………………………………………………………………………………………$70,000

Administrative rent (non-factory)…………………………………………………………………………………………….35,000

Advertising and promotion expense………………………………………………………………………………………..41,000

Depreciation-administrative……………………………………………………………………………………………………22,000

Depreciation-factory……………………………………………………………………………………………………………..30,000

Depreciation-selling………………………………………………………………………………………………………………17,000

Direct labor…………………………………………………………………………………………………………………………..175,000

Factory rent…………………………………………………………………………………………………………………………18,000

Factory supplies used………………………………………………………………………………………………………….12,000

Finished goods inventory (January 1)………………………………………………………………………………….57,000

Finished goods Inventory (December 31)…………………………………………………………………………..50,000

Indirect materials used………………………………………………………………………………………………………14,000

Indirect labor………………………………………………………………………………………………………………………19,000

Materials inventory (January 1)………………………………………………………………………………………….15,000

Materials inventory (December 31)……………………………………………………………………………………..20,000

Net delivered cost of materials purchased…………………………………………………………………………….138,000

Other factory overhead……………………………………………………………………………………………………………26,000

Sales………………………………………………………………………………………………………………………………………845,000

Sales Salaries expense……………………………………………………………………………………………………………72,000

Work-in-process inventory (January 1)…………………………………………………………………………………18,000

Work-in-process inventory (December 31)……………………………………………………………………………20,000

Required

Using the above data, prepare a schedule of cost of goods manufactured and sold.

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ekkarill92 answered 2 years ago
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