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