Question

Prepare the schedule of cost of goods manufactured for Barton Company using the following information.

Direct materials $232,500
Direct labor 65,500
Factory overhead costs 27,600
Work in process, beginning 158,200
Work in process, ending 163,000

Answer 1

Answer and Explanation:

The preparation of the schedule of cost of goods manufactured is presented below:

Direct material $232,500

Direct labor $65,500

Factory overhead $27,600

Total manufacturing Cost $325,600

Beginning work in process $158,200

Total cost of work in process $483,800

Ending work in process -$163,000

Cost of goods manufactured $320,800

In this way it should be prepared