Lasting Treats manufactures its own brand of pet chew bones. At the end of Decem
ID: 2405593 • Letter: L
Question
Lasting Treats manufactures its own brand of pet chew bones. At the end of December 2016, the EEB Click the icon to view the accounting records.) Read the requirements accounting records showed the following Data Table Requirement 1. Prepare a schedule of cost of goods manufactured balance, make sure to enter "O" in the appropriate column.) Inventories: Lasting Treats Raw Materials $ 13,000 8,000 4,500 o 5,900 Schedule of Cost of Goods Manufa Year Ended December 31, 201 Finished goods Other information: Direct Materials Used: Raw materials purchases s 38,000 Plant janitorial services Sales salaries Delivery costs Sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor 5,900 1,000 111,000 1,700 9,000 2,000 Choose from any list or enter any number in the input fields a 24,000Explanation / Answer
3
cost of goods manufactured ,merchandise purchases
4
Units Product cost per unit =73800/17800=4.15
Schedule of Cost of Goods Manufactured Work in Process Beginning 0 Direct Material Used Rawmaterial Inventory Beginning 13000 Add Purchase 38000 Rawmaterial Avaialable 51000 Less Ending Raw material Inventory Dec 31 8000 Direct Material Used 43000 Direct Labor 24000 Manufacturing Overhead Utilities for Plant 1700 Plant janitorial service 600 Rent on Plant 9000 Total Manufacturing Overhead 11300 Total manufacturing Costs incured during the Year 78300 Total manufacturing Costs to Account for 78300 Work in Process End 4500 Cost of Goods Manufactured 73800Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.