Exercise 177 From The Account Balances Listed Below, Prepare A Schedule Of Cost Of Goods Manufactured For Sampson Manufacturing Company For The Month Ended December 31, 2016.
Exercise 177
From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2016.
Account Balances
Finished Goods Inventory, December 31
$42,000
Factory Supervisory Salaries
12,000
Income Tax Expense
18,000
Raw Materials Inventory, December 1
12,000
Work In Process Inventory, December 31
15,000
Sales Salaries Expense
14,000
Factory Depreciation Expense
8,000
Finished Goods Inventory, December 1
35,000
Raw Materials Purchases
105,000
Work In Process Inventory, December 1
25,000
Factory Utilities Expense
6,000
Direct Labor
70,000
Raw Materials Inventory, December 31
19,000
Sales Returns and Allowances
5,000
Indirect Labor
21,000
SAMPSON MANUFACTURING COMPANY
Cost of Goods Manufactured Schedule
For the Month Ended December 31, 2016
Indirect laborFactory utilities expenseRaw materials purchasesRaw materials inventory, December 31Direct materials usedFactory supervisory salariesFactory depreciation expenseWork in process, December 31Cost of goods manufacturedWork in process, December 1Raw materials inventory, December 1
$
Direct laborTotal manufacturing costsTotal cost of work in processTotal manufacturing overheadDirect materialsTotal raw materials available for useManufacturing overhead
Raw materials purchases Factory depreciation expense Direct materials used Factory utilities expense Raw materials inventory, December 31 Work in process, December 31 Indirect labor Cost of goods manufactured Factory supervisory salaries Work in process, December 1 Raw materials inventory, December 1
$
Work in process, December 31 Raw materials inventory, December 31 Indirect labor Direct materials used Raw materials purchases Factory supervisory salaries Factory depreciation expense Factory utilities expense Work in process, December 1 Raw materials inventory, December 1 Cost of goods manufactured
Total raw materials available for use Direct materials Direct labor Total cost of work in process Manufacturing overhead Total manufacturing overhead Total manufacturing costs
Add Less
:
Raw materials inventory, December 31Factory depreciation expenseRaw materials purchasesFactory utilities expenseDirect materials usedWork in process, December 1Factory supervisory salariesIndirect laborWork in process, December 31Cost of goods manufacturedRaw materials inventory, December 1
Work in process, December 1 Factory utilities expense Factory depreciation expense Work in process, December 31 Cost of goods manufactured Raw materials inventory, December 1 Raw materials purchases Raw materials inventory, December 31 Direct materials used Indirect labor Factory supervisory salaries
Direct laborTotal manufacturing costsManufacturing overheadTotal cost of work in processTotal manufacturing overheadDirect materialsTotal raw materials available for use
Total cost of work in processManufacturing overheadDirect materialsTotal raw materials available for useTotal manufacturing overheadTotal manufacturing costsDirect labor
Raw materials inventory, December 31 Factory supervisory salaries Raw materials purchases Direct materials used Factory depreciation expense Indirect labor Raw materials inventory, December 1 Factory utilities expense Work in process, December 31 Cost of goods manufactured Work in process, December 1
$
Raw materials inventory, December 31 Raw materials inventory, December 1 Cost of goods manufactured Direct materials used Work in process, December 31 Factory depreciation expense Indirect labor Work in process, December 1 Factory supervisory salaries Factory utilities expense Raw materials purchases
Work in process, December 1 Indirect labor Factory supervisory salaries Direct materials used Factory depreciation expense Raw materials inventory, December 31 Cost of goods manufactured Raw materials inventory, December 1 Raw materials purchases Factory utilities expense Work in process, December 31
Raw materials inventory, December 1 Work in process, December 31 Cost of goods manufactured Raw materials purchases Indirect labor Raw materials inventory, December 31 Work in process, December 1 Direct materials used Factory supervisory salaries Factory depreciation expense Factory utilities expense
Total manufacturing costs Direct labor Direct materials Total cost of work in process Manufacturing overhead Total manufacturing overhead Total raw materials available for use
Total manufacturing overheadDirect materialsTotal raw materials available for useDirect laborManufacturing overheadTotal cost of work in processTotal manufacturing costs
Direct materialsDirect laborManufacturing overheadTotal manufacturing overheadTotal cost of work in processTotal raw materials available for useTotal manufacturing costs
AddLess
:
Work in process, December 1Raw materials inventory, December 31Cost of goods manufacturedFactory depreciation expenseIndirect laborRaw materials inventory, December 1Raw materials purchasesFactory utilities expenseDirect materials usedWork in process, December 31Factory supervisory salaries
Indirect laborWork in process, December 31Cost of goods manufacturedWork in process, December 1Factory depreciation expenseRaw materials inventory, December 1Direct materials usedFactory supervisory salariesRaw materials purchasesRaw materials inventory, December 31Factory utilities expense
"96% of our customers have reported a 90% and above score. You might want to place an order with us."
