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Home > Business & Careers > Accounting   »   Cost Of Goods Manufactured Statement

 
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Old Dec 25, 2006, 07:16 AM
mashal
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Cost Of Goods Manufactured Statement

The Blimp Manufacturing Company Produced 100,000 Units During The Year Ended December31, 19*1. It Incurred The Following Costs For The Year:

Materials .....................73000 (10% Is Indirect Materials)
Labor..............................97000 (7% Is Indirect Labor)
Factory Overhead............125% Of Direct Labor Cost
Work In Process Inventory , January 1, 19*1..........35250
Work In Process Inventory , December 31, 19*1......27000

The Factory Overhead Percentage Includes Indirect Materials And Indirect Labor.

Required: Prepare A Cost Of Goods Manufactured Statement For The Period.

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Old Oct 23, 2007, 07:44 PM   #2  
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The Blimp Manufacturing Company Produced 100,000 Units During The Year Ended December31, 19*1. It Incurred The Following Costs For The Year:

Materials .....................73000 (10% Is Indirect Materials)
Labor..............................97000 (7% Is Indirect Labor)
Factory Overhead............125% Of Direct Labor Cost
Work In Process Inventory , January 1, 19*1..........35250
Work In Process Inventory , December 31, 19*1......27000

The Factory Overhead Percentage Includes Indirect Materials And Indirect Labor.

Required: Prepare A Cost Of Goods Manufactured Statement For The Period.
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