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    mashal's Avatar
    mashal Posts: 1, Reputation: 1
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    #1

    Dec 25, 2006, 08:16 AM
    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.
    ziapak83's Avatar
    ziapak83 Posts: 1, Reputation: 1
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    #2

    Oct 23, 2007, 07:44 PM
    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.
    shahbaz_Khan's Avatar
    shahbaz_Khan Posts: 1, Reputation: 1
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    #3

    Oct 4, 2011, 02:30 AM
    Statement Of Cost Of Goods Manufactured

    Material(73000X90%) 65700
    Labour (97000X93%) 90210
    Factory Overhead(97000X125%) 121250

    Total Manufactured Cost 277160
    ADD:work in process (B) 35250
    Total Cost Put In Production 312410
    Less:work in process (E) (27000)
    Cost Of Good Manufactured 285410
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