Question

Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials $ 240,000 Direct labor 65,000 Factory overhead costs 27,200 Work in process, beginning 158,200 Work in process, ending 153,250

Answer 1

Answer:

Cost Of Goods Manufactured $ 337,150

Explanation:

Barton Company

Schedule of Cost of Goods Manufactured

Direct materials $ 240,000

Direct labor 65,000

Factory overhead costs 27,200

Total manufacturing costs 332,200

Add Work in process inventory, , beginning 158,200

Cost of Goods Available for Manufacturing $ 490,400

Less Work in process inventory, ending 153,250

Cost Of Goods Manufactured $ 337,150