Cost of Goods
xoon
company_ab.docx|
Beginning finished goods inventory |
|
$ |
13,000 |
|
|
$ |
17,000 |
|
|
|
Beginning goods in process inventory |
|
|
23,500 |
|
|
|
23,500 |
|
|
|
Beginning raw materials inventory |
|
|
9,500 |
|
|
|
15,000 |
|
|
|
Rental cost on factory equipment |
|
|
34,000 |
|
|
|
29,500 |
|
|
|
Direct labor |
|
|
21,000 |
|
|
|
40,000 |
|
|
|
Ending finished goods inventory |
|
|
21,000 |
|
|
|
17,500 |
|
|
|
Ending goods in process inventory |
|
|
25,000 |
|
|
|
21,000 |
|
|
|
Ending raw materials inventory |
|
|
5,900 |
|
|
|
9,900 |
|
|
|
Factory utilities |
|
|
17,000 |
|
|
|
17,000 |
|
|
|
Factory supplies used |
|
|
10,300 |
|
|
|
5,400 |
|
|
|
General and administrative expenses |
|
|
18,000 |
|
|
|
45,000 |
|
|
|
Indirect labor |
|
|
1,250 |
|
|
|
7,660 |
|
|
|
Repairs—Factory equipment |
|
|
4,780 |
|
|
|
1,500 |
|
|
|
Raw materials purchases |
|
|
37,000 |
|
|
|
40,000 |
|
|
|
Sales salaries |
|
|
49,000 |
|
|
|
40,000 |
|
|
|
|
