Problem Prepare a cost of goods manufactured schedule (jpg format)

The following data were taken from the records of Blumbey Manufacturing Company for the fiscal year ended June 30, 2012.

Raw Materials Inventory 7/1/11	$47,680	Factory Insurance	$4,690
Raw Materials Inventory 6/30/12	39,750	Factory Machinery Depreciation	15,950
Finished Goods Inventory 7/1/11	96,200	Factory Utilities	27,430
Finished Goods Inventory 6/30/12	96,280	Office Utilities Expense	8,730
Work in Process Inventory 7/1/11	19,350	Sales	558,990
Work in Process Inventory 6/30/12	18,270	Sales Discounts	4,100
Direct Labor	149,790	Plant Manager’s Salary	29,100
Indirect Labor	24,600	Factory Property Taxes	9,830
Accounts Receivable	26,650	Factory Repairs	1,840
		Raw Materials Purchases	96,640
		Cash	32,410

(a)

Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

BLUMBEY MANUFACTURING COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended June 30, 2012

COG Mfd = 368,880

COG Sold = 368,800

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