Current Attempt in Progress An incomplete cost of goods manufactured schedule is presented here. Complete...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Current Attempt in Progress
An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Shamrock Company. (Assume that all raw materials used were direct materials.)
SHAMROCK COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022
Work in process, January 1
$235,200
Direct materials
Raw materials inventory, January 1
?
Raw materials purchases
177,600
Total raw materials available for use
?
Less: Raw materials inventory, December 31
26,000
Direct materials used
$201,600
Direct labor
enter a dollar amount
Manufacturing overhead
Indirect labor
20,800
Factory depreciation
40,000
Factory utilities
76,800
Total manufacturing overhead
137,600
Total manufacturing costs
enter a total amount for the first part
Total cost of work in process
enter a total amount for all two parts
Less: Work in process, December 31
90,400
Cost of goods manufactured
$604,800
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
