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.

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.

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