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In: Accounting

Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information....

  1. Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information.

Direct materials

$190,500

Direct labor

63,150

Factory overhead costs

24,000

Work in process, Dec. 31, 2016

157,600

Work in process, Dec. 31, 2017

142,750

Barton Company

Schedule of Cost of Goods Manufactured

For Year Ended December 31, 2017

Cost of goods manufactured

  

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Barton company
Schedule of cost of goods manufactured
For the year ended 2017
Total manufacturing costs:
Add: Direct material $     190,500
Add: Direct labor $       63,150
Add: Factory overhead costs $       24,000
Total manufacturing cost ( 190500+63150+24000) $     277,650
Add: Beginning work in process inventory $     157,600
Less: Ending work in process inventory $     142,750
Cost of goods manufactured ( 277650+157600-142750) $     292,500

ekkarill92 answered 3 years ago
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