20 accounting questions

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An incomplete cost of goods manufactured schedule is presented here.

Complete the cost of goods manufactured schedule for Splish Brothers Company. (Assume that all raw materials used were direct materials.)

SPLISH BROTHERS COMPANY Cost of Goods Manufactured Schedule

For the Year Ended December 31, 2022

Work in process, January 1

Direct materials

   Raw materials inventory, January 1 $

   Raw materials purchases 148,800

   Total raw materials available for use

   Less: Raw materials inventory, December 31 21,500

Direct materials used $169,200

221 Exam 2 Ch 19-21

Question 3 of 20 - / 7.5

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Direct labor

Manufacturing overhead

   Indirect labor 17,200

   Factory depreciation 33,700

   Factory utilities 64,200

   Total manufacturing overhead 115,100

Total manufacturing costs

Total cost of work in process

Less: Work in process, December 31

Cost of goods manufactured

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221 Exam 2 Ch 19-21

Question 3 of 20 - / 7.5