Accounting
Assignment isdue on 4/16/2016
Option #2: Cost of Goods Manufactured Statement
Denny Corporation, a manufacturing company, produces a single product. The following information has been taken from the company’s production, sales, and cost records for the year just completed:
Production in units | 51,000 |
Direct labor | $120,325 |
Raw materials purchased | $325,019 |
Manufacturing overhead | $250,265 |
Selling and administrative expenses | $422,100 |
Raw Materials, Beginning | $62,900 |
Raw Materials, Ending | $45,345 |
Work in Process, Beginning | $52,984 |
Work in Process, Ending | $58,777 |
Instructions
Prepare the cost of goods manufactured statement. Provide your answers in a clearly organized Excel spreadsheet. Check spelling and formatting for readability. All responses must comply with APA , Be sure to review the Module 2 Critical Thinking grading rubric, which may be accessed through the Course Information page.
Your assignment should meet the following requirements
- 2-3 pages in length, including calculations and title sheet
- Document your sources
10 years ago
30
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