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An incomplete cost of goods manufactured schedule is presented below for Cepeda Manufacturing Company for the...

An incomplete cost of goods manufactured schedule is presented below for Cepeda Manufacturing Company for the year ended December 2020:

Complete the cost of goods manufactured schedule for Cepeda Manufacturing Company.

CEPEDA MANUFACTURING COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2020
Work in process (1/1) $215,500
Direct materials
       Raw materials inventory, (1/1) $
       Raw materials purchases 166,000
       Total raw materials available for use
       Less: Raw materials inventory (12/31) 18,200
Direct materials used $190,000
Direct labour
Manufacturing overhead
       Indirect labour 15,800
       Factory depreciation 36,300
       Factory utilities 68,900
       Total manufacturing overhead 121,000
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31) 81,000
Cost of goods manufactured $551,000

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ekkarill92 answered 2 years ago
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