Question 1 The following information is available for Tomlin Company. April 1 Ap
ID: 2508309 • Letter: Q
Question
Question 1
The following information is available for Tomlin Company.
April 1
April 30
Prepare the cost of goods manufactured schedule for the month of April.
Question 1
The following information is available for Tomlin Company.
April 1
April 30
Raw materials inventory $11,000 $14,400 Work in process inventory 4,970 3,380 Materials purchased in April $97,900 Direct labor in April 80,300 Manufacturing overhead in April 161,000
Prepare the cost of goods manufactured schedule for the month of April.
Explanation / Answer
Particulars Amt Manufacturing costs: Direct materials: Opening Material 11000 Purchase of material 97900 Materials available 108900 Less: closing material 14400 Direct materials used 94500 Direct Labor 80300 Manufacturing overhead 161000 Total manufacturing costs 335800 Add: Opening WIP 4970 Total costs of work-in-process 340770 Less: Closing WIP 3380 Cost of goods manufactured 337390
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