Accounting Problems
Sweetest Honey
b-17.06student_2.xlsProblem
| Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4. | ||
| Beginning raw materials inventory | $ 966,400 | |
| Raw materials purchased (net) | 2,345,500 | |
| Ending raw materials inventory | 818,200 | |
| Direct labor costs | 322,300 | |
| Indirect materials | 125,500 | |
| Indirect labor | 88,900 | |
| Factory utilities and maintenance | 456,000 | |
| Factory depreciation | 56,600 | |
| Other factory related overhead | 24,400 | |
| Beginning work in process | 777,000 | |
| Ending work in process | 717,000 | |
| (a) | Arrange the cost data into a statement of cost of goods manufactured. | |
| (b) | If Ashley's cost of goods sold for the month was $4,000,000, how much was the increase or decrease in finished goods inventory for the month of September? |
&R&"Myriad Web Pro,Bold"&20B-17.06
B-17.06
Worksheet
| (a) | |||
| ASHLEY CORPORATION | |||
| SCHEDULE OF COST OF GOODS MANUFACTURED | |||
| FOR THE MONTH ENDING SEPTEMBER 30, 20X4 | |||
| Direct materials: | |||
| $ - | |||
| - | |||
| $ - | |||
| - | |||
| Raw materials transferred to production | $ - | ||
| Direct labor | - | ||
| Factory overhead | |||
| $ - | |||
| - | |||
| - | |||
| - | |||
| - | - | ||
| Total manufacturing costs | $ - | ||
| - | |||
| $ - | |||
| - | |||
| Cost of goods manufactured | $ - | ||
| (b) |
&L&"Myriad Web Pro,Bold"&12Name:
Date: Section: &R&"Myriad Web Pro,Bold"&20B-17.06
B-17.06
