E-27-2A_ Tomas Company_ schedule of cost of goods manufactured

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