E-27-2A : Cost of gods manufactured

Schedule of cost of goods manufactured. Prepare a schedule of cost of goods manufactured for Tomas Company for the year ended June 30, 20-2. Information to prepare the schedule is as follows:

Work in process, July 1, 20-1 $6,400

Materials inventory, July 1, 20-1 4,875

Materials purchases 68,950

Direct labor 140,300

Actual factory overhead 85,225

Work in process, June 30, 20-2 7,700

Materials inventory, June 30, 20-2 6,950

Indirect materials charged to production 3,600