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    semsem ali's Avatar
    semsem ali Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 24, 2012, 05:31 AM
    Total manufactured formula
    Direct material used 65000
    Factory property taxes 2500
    Direct labor 76000
    Indirect labor 16000
    Factory insurance 3000
    Factory utilities 11000
    Depreciation-factory building 4500
    Depreciation-factory machine 15000
    Factory supplies 5000
    Factory maintenance 4000
    Inventories as follow:
    Beginning ending
    Work-in-process 7200 12700
    Finished goods 16000 26000

    Required:prepare cost of goods manufactured and sold statement
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Jun 24, 2012, 06:21 AM
    Quote Originally Posted by semsem ali View Post
    direct material used 65000
    factory property taxes 2500
    direct labor 76000
    indirect labor 16000
    factory insurance 3000
    factory utilities 11000
    depreciation-factory building 4500
    depreciation-factory machine 15000
    factory supplies 5000
    factory maintenance 4000
    inventories as follow:
    begining ending
    work-in-process 7200 12700
    finished goods 16000 26000

    required:prepare cost of goods manufactured and sold statement
    What's stopping you?
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